a sum of 6000/- amounts to 6900/- in 3 years.What will it amount to if the rate of interest is increased by 2%
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Answer:
P= 6000
A= 6900
T= 3
R1=?
R2=R1%+2%
A2=?
SI=A-P
= 6900-6000
=900
SI=PTR/100
900*100/6000*3 =R
5%=R
R2=R1+2%
= 7%
SI2= 6000*3*7/100
=1260
A2= P+ SI2
=6000+ 1260
= Rs. 7260
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