An amount of Rs. 3000 becomes Rs. 3600 in four years at simple interest. If the rate of interest was 1% more, then what was be the total amount? A. Rs. 3720 B. Rs. 3550 C. Rs. 3780 D. Rs. 3800 Answer Workspace Report Discuss Answer with explanation Answer: Option A Explanation A = P(1 + TR/100) => 3600 = 3000[1 + (4 * R)/100] => R = 5% Now R = 6% => A = 3000[1 + (4 * 6)/100] = Rs. 3720. Workspace
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