Question:
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?
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?
Updated On: Oct 14, 2024
- 3775
- 3980
- 4010
- 4050
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The Correct Option is D
Solution and Explanation
The correct answer is (D): 4050
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