Question 119

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?

Solution

Share

Let us assume the Principal to be 100. We are given that in 6 years, the principal generated interest equals to 60% of 100 = 60.
60 = $$100\times\ R\%\times\ 6$$. This gives R = 10%.
Compound interest on 12000 for 3 years with 10% pa rate : $$\left(12000\times\ 1.1^3\right)\ -\ 12000\ =\ 3972$$.

Get AI Help

View More Questions From Profit, Loss, and Interest

Create a FREE account and get:

  • Download Maths Shortcuts PDF
  • Get 300+ previous papers with solutions PDF
  • 500+ Online Tests for Free

CAT Quant Questions | CAT Quantitative Ability

CAT Simple Interest Compound Interest QuestionsCAT Averages QuestionsCAT Time, Speed and Distance QuestionsCAT Progressions and Series QuestionsCAT Time Speed Distance Questions

CAT DILR Questions | LRDI Questions For CAT

CAT DI with connected data sets QuestionsCAT Miscellaneous LR QuestionsCAT Quant Based LR QuestionsCAT Charts QuestionsCAT Selection With Condition Questions

CAT Verbal Ability Questions | VARC Questions For CAT

CAT Reading Comprehension QuestionsCAT Vocabulary QuestionsCAT Critical Reasoning QuestionsCAT Odd One Out QuestionsCAT Para Summary Questions

Free CAT Quant Questions

CAT InequalitiesCAT Quadratic EquationsCAT Data SufficiencyCAT Number SeriesCAT MiscellaneousCAT Simple Interest Compound InterestCAT AveragesCAT Time Speed DistanceCAT Coordinate GeometryCAT Logarithms, Surds and IndicesCAT Time And WorkCAT LogarithmsCAT Number SystemsCAT Time, Speed and DistanceCAT Linear EquationsCAT Probability, CombinatoricsCAT RemaindersCAT ArithmeticCAT Progressions and SeriesCAT AlgebraCAT Venn DiagramsCAT Averages Mixtures AlligationsCAT Profit And LossCAT Profit and LossCAT GeometryCAT MensurationCAT Functions, Graphs and StatisticsCAT PercentagesCAT Averages, Ratio and Proportion

Book Free CAT Mentorship

Get personalized CAT strategy from a 99%iler

500+ students mentored
CAT mentor

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Enroll Now
Ask AI