Question

Rs.800 becomes rs.956 in 3 years at a certain rate of simple interest. if the rate of interest is increased by 4%, what amount will rs.800 become in 3 years ?

Answer 1

SI=A-P
=956-800
=156
R= SI*100/P*T
=156*100/800*3
=6.5%
Total rate =6.5+4
=10.5
SI=P*R*T/100
=800*10.5*3/100
=252
A=P+I
=800+252
=1052