an amount of rs.800 becomes rs920in 3 year at simple interest.if rate of ineterest is aicresed by 3% then what will be the amount
Answers
Answered by
0
Principal = 800 ; SI = 120 ; Time = 3 year
Rate = (100*120/800*3) = 5%
New rate = 8 % ; principal = 800 ; time = 3 year
SI = (800*8*3/100) = 192
New amount = 800 + 192 = 992
Similar questions