₹800 becomes ₹956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what will ₹800 amount to in 3 years: |
₹1,020.80 ₹1,025 ₹1,052 ₹1,050 |
₹1,052 |
P = 800 R= R T = 3 A = 956 SI = 956-800 = 156 = P*R*T/100 800*R*3/100 = 156 R = 156/(8*3) = 52/8 = 13/2 = 6.5 R' = 6.5+4 = 10.5 SI' = 800*10.5*3/100 = 8*10.5*3 = 252 A' = 1052 The correct answer is Option (3) → ₹1,052 |