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

There is 60% increase in an amount in 6 years at simple interest. What

1.	There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of $ 12, 000 after 3 years at the same rate?
A.	$ 2160
B.	$ 3120
C.	$ 3972
D.	$ 6240
Answer» D. $ 6240

Discussion

No Comment Found

Related MCQs

Read the following information to answer the given question. 1. Rage, Raider, Rattler, Razor, Reaper, Rictor and Rogue are sitting in a circle facing at the centre. 2. Reaper is the neighbour Rage and Razor. 3. Rogue is not between Rictor and Rattler. 4. Rictor is to the immediate right of Rage. Which of the following pairs are not adjacent to each other?
The difference between the compound interest and simple interest on a sum for 2 years for 10% per annum. When the interest is compounded annually is $ 16. If the interest were compounded half-yearly, the difference in two interests would be:
The difference between the simple interest on a certain sum at the rate of 10% per annum for 2 years and compound interest which is compounded every 6 month is $ 124.05. What is the principle sum?
The compound interest on a sum of money for 2 years is $ 832 and the simple interest on the same sum for the same period is $ 800. The difference between the compound interest and the simple interest for 3 years will be:
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is $ 1. The sum is:
The different between compound interest and simple interest on an amount of $15, 000 for 2 years is $ 96. What is the rate of interest per annum?
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of $ 12, 000 after 3 years at the same rate?
The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on $ 400 for 2 years at 10% per annum. The sum placed on simple interest is:
The compound interest on a certain sum for 2 years at 10% per annum is $ 525.The simple interest on the same sum for double the time at half the rate percent per annum is:
The percent worth of $ 169 due in 2 years T 4% per annum compound interest is:

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

Discussion

No Comment Found

Related MCQs

Reply to Comment