[PP Sub Inspector 17 Aug 2021] 

7. There is 60% increase in an amount in 5 years at simple interest. What will be the compound interest of ₹14000 after 3 years at the same rate?

1. ₹ 6044

2. ₹ 7494

3. ₹ 8944

4. ₹ 5669

Correct Answer :

₹ 5669