A sum of ₹ 800 amount to ₹920 in 3 yrs at the simple interest if the interest rate increase by 3% . It would amount how much.
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Answer:
Amount= 992
Step-by-step explanation:
A= I+P
920= I+800
I=120
S. I. = P*R*T
100
R= 120*100
800*3
R= 5%
A. T. Q.
R= 5+3=8
S. I. =P*R*T
100
S. I. = 192
A= I+P
A=992
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