Shubhranshu deposited Rs 8000 at simple interest which amounted to Rs 9200 after 3 years . Had the interest been 2% more, how much amount she would have got? A. Rs 2680 B. Rs 9272 C. Rs 9680 D. Rs 1680 Answer Workspace Report Discuss Answer with explanation Answer: Option C Explanation —-> Amount = simple interest + principal —-> 9200 = simple interest + 8000 —-> simple interest = 9200 – 8000 —-> = Rs 1200 —-> if r % be the rate of interest , —-> Then from, simple interest = ((principal * rate% * time)/100) —-> 1200 = ((8000 * r * 3)/100) —-> r = 5% —-> 2% more interest that is 7% interest —-> simple interest = ((8000 * 7 * 3)/100) —-> = Rs 1680 —-> thus amount he will get is Rs 8000 + Rs 1680 = Rs 9680 Workspace
Discuss about the question