There is 60 increase in an amount in 6 years at simple interest What will be the compound interest o...........

Quantitative Aptitude ( CCS) Compound Interest

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate

4385

4265

3875

3972

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

R=100*60/100*6 =10% p.a

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

C.I=Rs.[12000*[1+10/100]³−1] =Rs.3972

Hence, option 4 is the correct answer.

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