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At a certain rate of simple Interest Rs 600 amounted to Rs 750 in 3 years. If the rate of interest be increased by 4%, what will be the amount after 3 years ?
- ARs 522
- BRs 622
- CRs 722
- DRs 822
Correct answer: D
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CCommunity
Rs 822
Initially, rate of interest = 150x100/600x3 = 25/3%
New rate = 4 + 25/3 = 37/3%
New interest = 600x3x37/3/100 = 222
∴ New amount = 600 + 222 = 822
Initially, rate of interest = 150x100/600x3 = 25/3%
New rate = 4 + 25/3 = 37/3%
New interest = 600x3x37/3/100 = 222
∴ New amount = 600 + 222 = 822