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Discussion :: Simple Interest

  1. Rs. 800 becomes Rs. 956 in 3 years at a rate of S.I. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years?
    2. A.
    Rs. 1020.80
    B.
    Rs. 1025
    C.
    Rs. 1052
    D.
    None of these

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    Workspace

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    Answer : Option C

    Explanation :

    S.I. = (956 - 800) = Rs. 156.

    Rate = (100 * 156) / (800 * 3) = 6 1/2 %

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