800 Rs. becomes 956 Rs. in 3 years at certain rate of simple interest. If the rate of interest is increased by 4%, what amount will 800 Rs. Become in 3 years?
800 Rs. becomes 956 Rs. in 3 years at certain rate of simple interest. If the rate of interest is increased by 4%, what amount will 800 Rs. become in 3 years?
[A]1020.80 Rs.
[B]1025 Rs.
[C]1050 Rs.
[D]1052 Rs.
1052 Rs.
SI = 956 – 800 = 156 Rs.
$latex \therefore Rate = \frac{SI\times 100}{Prin.\times Time}&s=1$
$latex = \frac{156\times 100}{800\times 3} = 6.5\%\ per\ annum&s=1$
∴ New rate = 10.5%
$latex \therefore SI = \frac{PRT}{100}&s=1$
$latex = \frac{800\times 3\times 10.5}{100} = 252\ Rs.&s=1$
∴ Amount = 800 + 252 = 1052 Rs.
Hence option [D] is correct answer.