Question

A sum of 6000 amounts to 6900 in 3 years. What will it amount to if the rate
of interest is increased by 2%?​

Answer 1

Step-by-step explanation:

Rate=S.I×100/P×R

=900×100/6000×3

=5%

If rate is decreased by 2%,

Rate=5%-2%=3%

S.I=P×R×T/100

=₹(6000×3×3/100)

=₹540

Amount=₹(6000+540)=₹6540