Question

A sum of rs. 800 amounts to rs. 920 in three years at s.I. If the rate of interest is increased by 5% then the amount will increase to

Answer 1

Answer:

1040

Step-by-step explanation:

Have a look at this

Find the difference b/w these two given amounts

• S.I =920- 800
• S.I = 120

Now,

• 120= 800× r× 3/ 100
• r= 12000/ 2400
• r= 5 %

rate is increased by 5%

it becomes 10%

• Amount= 800×10× 3/100
• = 240

then amount is

• 800+ 240= 1040.