If there is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

Rs.3572

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Rs.3872

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Rs.3472

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Rs.3672

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Rs.3972

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Solution

The correct option is E
Rs.3972

$50 = \frac{100 \times 5 \times r}{100}$

$r = 10 %$

$C . I . = 12000 \times (1 + \frac{10}{100})^{3} - 12000$

$= R s . 3972$

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If there is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

The correct option is E Rs.3972 50=100×5×r100 r=10% C.I.=12000×(1+10100)3−12000 =Rs.3972

The correct option is E
Rs.3972

$50 = \frac{100 \times 5 \times r}{100}$

$r = 10 %$

$C . I . = 12000 \times (1 + \frac{10}{100})^{3} - 12000$

$= R s . 3972$