There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after 3 years at the same rate?
Q1. There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after 3 years at the same rate?
Answer: Rs. 3972
Explanation: SI is 60% in 6 years, so rate = 10% p.a. CI on 12000 for 3 years at 10% = 12000 × (1.1³ − 1) = 12000 × 0.331 = Rs. 3972.