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Question
At simple interest Tk. 800 becomes Tk. 920 in 3 years. If rate of intest is increased by 3% then total amount becomes
Tk. 992
Tk. 990
Tk. 192
Tk. 998
ANSWER : 1
Descrption
<p>Interest in 3y: 120 Taka</p><p>So, Interest in 1y: (120/3)=40 Taka</p><p>Therefore, r= (I/Pn)×100% = 5%</p><p>If 3% increased, then r= 8%</p><p>Therefore, I=Prn= (8/100)×800×3= 192 tk</p><p>Finally, Total= I+P = 800+192= 992</p><p>(Answer)</p>
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