A sum of Rs. 800 amounts to Rs. 920 in 3 years at the simple interest rate. If t

Question

A sum of Rs. 800 amounts to Rs. 920 in 3 years at the simple interest rate. If the rate is increased by 3% p.a. What will be the sum amount to in the same period ?

Options:

A . Rs. 992

B . Rs. 962

C . Rs. 942

D . Rs. 982

Answer: Option A

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