Question
Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest . If the rate of interest is increased by 4% , what amount will Rs. 800 become in 3 years ?
Answer: Option C
Was this answer helpful ?
S.I. = Rs. (956 - 800) = Rs. 156
Rate = `((100 xx 156)/(800 xx 3))`% = `6 1/2`%
New rae = `(6 1/2 + 4)% = 10 1/2`%
New S.I. = Rs. `(800 xx 21/2 xx 3/100)` = Rs. 252
`:.` New amount = Rs. (800 + 252) = Rs. 1025.
Was this answer helpful ?
More Questions on This Topic :
Latest Videos
Latest Test Papers
Submit Solution