At simple interest Tk. 800 becomes Tk. 920 in 3 years. If rate of intest is increased by 3% then total amount becomes

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Tk. 992 - Interest in 3y: 120 TakaSo, Interest in 1y: (120/3)=40 TakaTherefore, r= (I/Pn)×100% = 5%If 3% increased, then r= 8%Therefore, I=Prn= (8/100)×800×3= 192 tkFinally...

At simple interest Tk. 800 becomes Tk. 920 in 3 years. If rate of intest is increased by 3% then total amount becomes

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