Question

A sum of rs. 600 amounts to rs. 720 in 4 years at simple interest. What will it amount to if the rate of interest is increased by 2% ? Rs. 648 rs. 768 rs. 726 rs. 792

Answer 1

Answer:

768

Explanation:

600 × 4 × r/100 = 720

r = 720/6×4

r=30

Amount (r+2%) = 600×32×4/100

=768