Symbiosis National Aptitude Test SNAP 2014 Paper

Question : 17 of 150

Marks: +1, -0

At a simple interest ` 800 becomes ₹ 956 in three years.
If the interest rate, is increased by 3%, how much would ₹ 800 become in three years?

Solution:

Rate of interest =

{956-800}/{3×800}×100

= 6.50 %
∴ Amount = 800 +

{800×9.5×3}/{100}

= 800 + 228 = ₹ 1028

Go to Question:

Prev Question

Next Question