A sum of 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?
A.764
B.992
C.850
D.770
Answer:B
A sum of 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?
A.764 B.992 C.850 D.770
Explanation: S.I = Rs. (920 – 800) = Rs. 120; P = Rs. 800, T = 3 yrs