Mohan invested 20000 rupee in fixed deposit at the rate of 10 simple interest After every 3 rd year ...........

Quantitative Aptitude ( CCS) Simple Interest

Mohan invested 20000 rupee in fixed deposit at the rate of 10% simple interest. After every 3 rd year he added interest to principal. Find the interest earned at the end of 6th year.

7800

8000

7600

8200

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Explanation:

For the first 3 years SI will be = 20000*10/100*3 = 6000
Now he add 3000 to the principal i.e = 20000+6000 = 26000
Now interest earned at end of 6th year = 26000*10/100*3 = 7800