Question

There is 60% increase in the principal amount
after a period of 5 years at particular rate of
simple interest. What will be the compound
interest on principal Rs. 10000 after 2 years at
the same rate if the compound interest is applied
annually?​

Answer 1

Answer:

Step-by-step explanation:

Let P = Rs. 100. Then, S.I. Rs. 60 and T = 6 years.

R=100*60100*6 =10% p.a  

Now, P = Rs. 12000. T = 3 years and R = 10% p.a.

C.I=Rs.[12000*[1+10100]3−1]

      =Rs.3972

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