Question

800rs to 920rs in 3 years at a certain rate of interest . If the rate of interest is increased by 3%,what would the amount will become?​

Answer 1

Answer:

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Answer 2

Answer:

 Rs. 992

Step-by-step explanation:

Amount = 800

Rate of Interest = x%

No. of Years = 3

Amount after adding interest = 920

Amount after adding interest = Amount x Rate of Interest x No. of Years

920 = 800 x $\frac{x}{100}$ x 3

920 x 100  =  x

800 x 3

x = 38.33

Rate of Interest = 38.33%

If Rate of Interest is increased by 3% Then,

New Rate of Interest = 38.33% + 3%

                                  =  41.33%

Amount after adding NEW interest = Amount x Rate of Interest x No. of      

                                                                                                                   Years

     = 800 x 41.33 x 3

                    100

      =  Rs.992

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