A certain amount earns simple interest of Rs. 1750 after 7 years. Had the interest been 2% more, how much more interest would it have earned?
A.Rs. 35
B.Rs. 245
C.Rs. 350
D.Cannot be determined
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1750 × 2 × 7 ÷ 100 = 245₹
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Answer: D) cannot be determined
=>We need to know the S.I, principal and time to find the rate. Since the principal is not given, so data is inadequate.
=>We need to know the S.I, principal and time to find the rate. Since the principal is not given, so data is inadequate.
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