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

1.	There is 60% increase in an amount in 6 years at simple interest rate. Calculate the compound interest of ₹12,000 after 3 years at the same rate.
Answer» There is 60% increase in an amount in 6 years at simple interest rate. Calculate the compound interest of ₹12,000 after 3 years at the same rate.