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Rs 800 becomes Rs 956 in 3 years at a ce...

Rs 800 becomes Rs 956 in 3 years at a certain rate of simple interest. If the rate of interset is increased by 4 % what amount will Rs 800 become in 3 years ?

A

Rs. 1020.80

B

Rs 1025

C

Rs 1052

D

Data inadequate

Text Solution

Verified by Experts

The correct Answer is:
C
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MAHENDRA-SIMPLE INTEREST & COMPOUND INTEREST-EXERCISE
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  14. Find the compound interest on Rs. 15625 for 9 months at 16% per annum ...

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  15. In how many years will a sum of Rs. 800 at 10% per annum compounded se...

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  16. If the compound interest on a sum for 2 years at 12(1)/2% per annum i...

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  17. The compound interest on a certain sum for 2 years at 10% per annum i...

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  18. The simple interest on a certain sum of money for 3 years at 8% per an...

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  19. There is 60% increase in an amount in 6 years at the rate of simple in...

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  20. Sum of money invested at compound interest amounts to Rs. 4624 in 2 ye...

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