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Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years ?
  • a)
    Rs. 1020.80
  • b)
    Rs. 1025
  • c)
    Rs. 1052
  • d)
    Rs. 1050 
Correct answer is option 'C'. Can you explain this answer?
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Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interes...
Given Data:
Initial Principal (P) = Rs. 800
Amount after 3 years = Rs. 956

Calculation:
Let the rate of interest be 'r%'. Using the formula for simple interest:
Simple Interest (SI) = P * r * t / 100
Where,
P = Principal amount
r = Rate of interest
t = Time period
Given that SI = Rs. 956 - Rs. 800 = Rs. 156
Also, SI = P * r * t / 100
156 = 800 * r * 3 / 100
r = 156 / 24 = 6.5%

Increased Rate of Interest:
Increase in rate of interest = 4%
New rate of interest = 6.5% + 4% = 10.5%

Amount after 3 years with increased rate:
Using the formula for calculating amount:
Amount = P + SI
Amount = 800 + (800 * 10.5 * 3 / 100)
Amount = 800 + 252 = Rs. 1052
Therefore, Rs. 800 will become Rs. 1052 in 3 years at the increased rate of interest. Hence, the correct answer is option 'c) Rs. 1052'.
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Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years ?a)Rs. 1020.80b)Rs. 1025c)Rs. 1052d)Rs. 1050Correct answer is option 'C'. Can you explain this answer?
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Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years ?a)Rs. 1020.80b)Rs. 1025c)Rs. 1052d)Rs. 1050Correct answer is option 'C'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years ?a)Rs. 1020.80b)Rs. 1025c)Rs. 1052d)Rs. 1050Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Rs. 800 becomes Rs. 956 in 3 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 800 become in 3 years ?a)Rs. 1020.80b)Rs. 1025c)Rs. 1052d)Rs. 1050Correct answer is option 'C'. Can you explain this answer?.
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