What rate gives Rs 720 interest on a sum of Rs 6000 in 2 years?
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Correct option isC
Rs. 768 Given:
P=Rs.600
SI=720−600=Rs.120
T=4 years.
Hence,
R=PTSI×100=600×4120×100=5%
Now rate is increased by 2%.
So new rate=7%
SI=100600×4×7=Rs.168
Hence new amount=168+600=Rs.768
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