Question : A sum of Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will the same sum become in 3 years?
Option 1: Rs. 1025
Option 2: Rs. 1042
Option 3: Rs. 1052
Option 4: Rs. 1024
Answer (1)
25th Jan, 2024
Correct Answer: Rs. 1052
Solution :
Given: Principal = Rs. 800, Amount = Rs. 956, and Time = 3 years
Rate of interest,
Use the formula below.
Extra Simple Interest =
=
= Rs. 96
So, the total amount received = 956 + 96 = Rs. 1052
Hence, the correct answer is Rs. 1052.
Comments (0)
Related Questions
Know More about
Upcoming Exams
Admit Card Date:
20 Jul, 2025
- 1 Aug, 2025
Application Date:
1 Jul, 2025
- 21 Jul, 2025
Application Date:
19 Jul, 2025
- 10 Aug, 2025
Application Date:
30 Jun, 2025
- 21 Jul, 2025
Result Date:
22 Jul, 2025
- 22 Jul, 2025
