Saved Bookmarks
| 1. |
A sum of Rs 600 amounts to Rs 735 in 5 years at a certain rate of interests. if the rate of interest is increased by 2% what will be the amount? |
| Answer» GIVEN:P=Rs.600SI=720−600=Rs.120T=4 years.Hence,R= PTSI×100 = 600×4120×100 =5%Now rate is INCREASED by 2%.So new rate=7%SI= 100600×4×7 =Rs.168Hence new amount=168+600=Rs.768 | |