Question
Quantitative Aptitude Question on SI & CI
An amount of Rs. 3000 increased to Rs. 3600 in 5 years at simple interest. If the interest rate was increased by 2%, what will be the amount at maturity?
A
3775
B
3980
C
4010
D
4050
Answer
4050
Explanation
Solution
The correct answer is (D): 4050