Rs. 800 amounts to Rs. 920 in 3 years at simple interest if the interest rate i

Question

Rs. 800 amounts to Rs. 920 in 3 years at simple interest if the interest rate is increased by 3 %, it would amount to how much?

Options:

A . Rs. 1056

B . Rs. 1112

C . Rs. 1182

D . Rs. 992

Answer: Option D

Principal = Rs. 800
S.I = Rs (920-800) = Rs.120 and Time = 3 years
Original rate = = 5 % New Rate = 8 %
S.I = Rs. = Rs. 192.
Amount = Rs. 992

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