1.

At a certain rate of simple Interest Rs 600 amounted to Rs 750 in 3 years. If the rate of interest be increased by 4%, what will be the amount after 3 years ?

Answer»

RS 822



Initially, rate of interest = 150x100/600x3 = 25/3%
NEW rate= 4 + 25/3 = 37/3%
New interest = 600x3x37/3/100 = 222
∴ New AMOUNT = 600 + 222 = 822



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