Question 70.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?

(a) Rs. 2160

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(b) Rs. 3120

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(d) Rs. 6240

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Solution

The correct option is C (c) Rs. 3972
(c)

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

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