A sum of rupees 6000 amounts to rupees 6900 in 3 years. what will it amount to if the rate of interest is increased by 2%
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Step-by-step explanation:
p.a % = 300/6000 * 100% = 5%
New interest = 5% + 2% = 7%
Ans = 7% of 6000 = 6000 * 0.07 = Interest of Rs. 420 per year
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