Rohit invested some amount at rate of 6 per cent pa and at end of 3 years he got ₹ 8730 simple int

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6.Interest

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Rohit invested some amount at the rate of $6$ per cent pa and at the end of $3$ years he got ₹ $8730$ simple interest. How much compound interest (in ₹) he will get on same amount and same rate of interest after $2$ years.

A

$5820$

B

$5949.60$

C

$5900$

D

$5994.60$

Solution

(d) Principle $=\frac{8730 \times 100}{6 \times 3}=48500$

Compound interest

$=48500\left[\left(1+\frac{6}{100}\right)^{2}-1\right]$

$=48500 \times 0.1236$

$=₹ 5994.60$

Standard 13

Quantitative Aptitude

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