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
B
C
D
Rs.2900
B
Rs. 3200
C
Rs. 3600
D
None of these
Note: Rate` = (600/2000 xx 100/5)`
`= 6% New rate = 9%`
`S.I = ((2000 xx 9 xx 5)/100)`
`= 900`
:. Amount = Rs. (200 + 900) = 2900.`