Question

the principal sum of 800 rupees amounts to 920 rupees in 3 years at simple interest if the interest rate is increased by 3 % then find the amount if principal sum and the time remains same​

Answer 1

Answer:

₹992

Step-by-step explanation:

amount ₹920, principal ₹800, interest ₹120, N-3 years

R=100*I÷P*N

100*120÷800*3=5%

New rate of percentage of interest = 5 + 3 = 8%

I=800*3"8÷100=192

amount=800+192=₹992