An amount of Rs. 3000 becomes Rs. 3600 in four years at simple interest. If the rate of interest was 1% more, then what was be the total amount? Options: A . &nbspRs. 3800 B . &nbspRs. 3780 C . &nbspRs. 3720 D . &nbspCannot be determined E . &nbspNone of these

An amount of Rs. 3000 becomes Rs. 3600 in four years at simple interest. If the

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An amount of Rs. 3000 becomes Rs. 3600 in four years at simple interest. If the rate of interest was 1% more, then what was be the total amount?

Answer: Option C

A = P(1 + TR/100)=> 3600 = 3000[1 + (4 * R)/100] => R = 5%Now R = 6%=> A = 3000[1 + (4 * 6)/100] = Rs. 3720.

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