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

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

A Tk. 2160

B Tk. 3120

C Tk. 3972

D Tk. 6240

Solution

Correct Answer: Option B