1.

A sum of Rs. 800 amounts to Rs. 920 in 8 years at simple interest rate is increased by 8%, it would amount to bow much?

Answer»

S.l. = Rs. (920 - 800) = Rs. 120; p = Rs. 800, T = 3 yrs. 

R = ((100 x 120)/(800*3) ) % = 5%. 

New rate = (5 + 3)% = 8%. 

New S.l. = Rs. (800*8*3)/100 = Rs. 192. 

New amount = Rs.(800+192) = Rs. 992.



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