Question:Rs. 2000 amount to Rs. 2600 in 5 years at simple interest.If the interest rate is increased by 3%,it would amount to how much ? 

A Rs.2900 
B Rs. 3200 
C Rs. 3600 
D None of these 

+ Answer
A 

+ Explanation
Rate` = (600/2000 xx 100/5)`

      `= 6% New rate = 9%`

      `S.I = ((2000 xx 9 xx 5)/100)`

             `= 900`

:. Amount = Rs. (200 + 900) = 2900.`

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