An amount of 800 becomes 920 in 3 year at simple interest. if rate of interest is increased by 3persent then what will be the amount？
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first get rate of interest for 3 years
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TARUN2693:
R = 120*100/800*3 = 5 %
new rate = 8%
S.I = 800*8*3/100 = 192
new amount = 800+192 = 992
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