Rs.800 becomes Rs.956 in 3 years at a certain rate of simple interest. If the ra

Check All Courses

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 800 become in 3 years ?

Options:

A . Rs.1025

B . Rs.1020.80

C . Rs.1050

D . Rs.1052

Answer: Option D
Answer: (d)Using Rule 1,S.I. = 956 - 800 = Rs.156Rate = ${S.I. × 100}/{Principal × Time}$= ${156 × 100}/{800 × 3}$ = 6.5% per annumNew rate = 10.5%S.I. = ${\text"Principal × Rate × Time"/100$= ${800 × 3 × 10.5}/100$ = Rs.252 Amount = 800 + 252 = Rs.1052

Was this answer helpful ?

Next Question

Submit Comment/FeedBack

More Questions on This Topic :

Question 1. The sum of money, that will give Rs.1 as interest per day at the rate of 5% per annum simple interest is....

Question 2. A money lender finds that due to fall in the annual rate of interest 8% to 7$3/4$% , his yearly income diminishes by Rs....., his yearly income diminishes by Rs.61.50. His capital is

Question 3. A person borrows Rs.5,000 for 2 years at 4% per annum simple interest. He immediately lends it to another person at 6$1/....interest for 2 years. His gain in the transaction is

Question 4. A lends Rs.2500 to B and a certain sum to C at the same time at 7% annual simple interest. If after 4 years, A altogethe....from B and C, the sum lent to C is

Question 5. In how many years will a sum of Rs.3,000 yield a simple interest of Rs.1,080 at 12% per annum ?....

Question 6. A sum of money at some rate of simple interest amounts to Rs.2,900 in 8 years and to Rs.3,000 in 10 years. The rate of i....in 10 years. The rate of interest per annum is

Question 7. A sum of money amounts to Rs.850 in 3 years and to Rs.925 in 4 years at some rate of simple interest. The sum is :....

Question 8. What sum will amount to Rs.7000 in 5 years at 3$1/3$% simple interest ?....

Question 9. If the simple interest on a certain sum of money for 15 months at 7$1/2$% per annum exceeds the simple interest on the s....Rs.32.50, then the sum of money (in ) is :

Question 10. What sum of money will amount to Rs.520 in 5 years and to Rs.568 in 7 years at simple interest ?....

Latest Videos

Chapter 1 - GLOBAL STEEL SCENARIO & INDI Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Latest Test Papers

Chapter 3.1 : Overview of Finance & Acco Chapter 3 : Finance & Accounts SAIL E0 - GFM 2024

Chapter 2.1 : Overview Chapter 2 : Materials Management SAIL E0 - GFM 2024

Chapter 1.1 : Personnel Functions- An ov Chapter 1 : Personnel Management SAIL E0 - GFM 2024

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024

CBT Mixed Test 1 GPOE/GPA SAIL E0 2024