Q:
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 ?
Answer & Explanation
Answer: C) Rs. 3972
Explanation: Let p = Rs. 100.
Then, S.I is Rs. 50 and time = 5 years.
= 10% p.a.
Now, p = Rs. 12,000 , T = 3 years and R = 10% p.a.
C.I. = Rs. = Rs. 3972
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