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UP TGT Mathematics Commercial mathematics Test Series - Part 2

If Rs. 800 amounts to Rs. 956 in 3 years at simple interest, what will it amount to if the rate of interest is increased...

Type: MCQ • Marks: 1
If Rs. 800 amounts to Rs. 956 in 3 years at simple interest, what will it amount to if the rate of interest is increased by 4%?
Options
A. 1) Rs. 1,064
B. 2) Rs. 1,052
C. 3) Rs. 1,020
D. 4) Rs. 1,040
Explanation
Original SI = 956 - 800 = Rs. 156. Original Rate = (156 * 100) / (800 * 3) = 6.5%. New Rate = 6.5% + 4% = 10.5%. New SI = (800 * 10.5 * 3) / 100 = Rs. 252. New Amount = 800 + 252 = Rs. 1,052.
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