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A sum of money at simple interest amount...

A sum of money at simple interest amounts to Rs 9440 in 3 years. If the rate of interest is increased by 25% the same sum amounts to Rs 9800 in the same time . The original rate of interest is

A

`10 %` p.a

B

`8%` p.a

C

`7.5%` p.a

D

`6%` p.a

Text Solution

Verified by Experts

The correct Answer is:
D
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A sum of money Amounts to Rs. 9440 in 3 years. If the rate of interest is increased by the rate of 25%, the amount becomes 9800 in same time. Find the principal & Rate?

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Knowledge Check

  • A sum of money at simple interest amounts to Rs. 14,160 in 3 years. If the rate of interset is increased to 25 % the same sum amounts to Rs. 14.700 in the same time. The ratio of interset is

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    `9%`
    D
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