Rs.2000 amount to Rs. 2600 in 5 years at simple interest if the interest rate w

Question

Rs.2000 amount to Rs. 2600 in 5 years at simple interest if the interest rate were increased by 3 %. It would amount to how much?

Options:

A . Rs.2900

B . Rs.3200

C . Rs.3600

D . None of these

Answer: Option A

Sum = Rs 2000, S. I = Rs 600, Time = 5 Years
Therefore, Rate =
Now sum = Rs 2000, Rate = 9 % p.a, Time = 5 Years

Amount = Rs (2000 + 900) = Rs 2900

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