Question
Mathematics Question on Simple Interest
₹800 becomes ₹956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what will ₹ 800 amount to in 3 years:
A
₹1,020.80
B
₹1,025
C
₹1,052
D
₹1,050
Answer
₹1,052
Explanation
Solution
The correct option is (C):₹1,052