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Question
TK. 800 becomes TK. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will TK. 800 become in 3 years ?
TK. 1020.80
TK. 1025
TK. 1052
None of these
ANSWER : 3
Descrption
<p style="margin-left:0px;">Correct option is C)</p><p style="margin-left:0px;">(c) Principal =tk.800, Amount =tk.956<br>⇒S.I.=tk.956−tk.800=tk.156<br>Time =3 years ∴Rate%p.a.=800×3156×100=6.5.<br>Now, Principal =Rs.800,Rate%p.a.=10.5, Time =3 years<br>∴ Amount =tk.800+tk.(800×10.5×3/100)<br>=tk.800+Rs.252=tk.1052.</p>
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