At simple interestRs 1400 become Rs1727 in 3years .If the interest rate is increased by 4%, how much would Re 1400 become in 6years ?
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Answer:
2382.8
Step-by-step explanation:
Given
At simple interest Rs 1400 become Rs 1727 in 3 years .If the interest rate is increased by 4%, how much would Rs 1400 become in 6 years ?
Now simple interest = 1727 – 1400 = 327
So P R T / 100 = 327
1400 x 3 x R / 100 = 327
42 R = 327
R = 7.7%
Now given R is increased by 4%
So R = 7.7 + 4 = 11.7%
Now simple interest = 1400 x 11.7 x 6 / 100
S.I = 982.8
So amount will be 1400 + 982.8 = Rs 2,382.8
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