Quantitative Aptitude Ques 17

Question: A sum of Rs. 400 amounts to Rs. 480 in 4 yr at simple interest. What will it amount to if the rate of interest is increased by 2%?

Options:

A) Rs. 484

B) Rs. 560

C) Rs. 512

D) None of these

Show Answer

Answer:

Correct Answer: C

Solution:

  • $ R=\frac{80\times 100}{400\times 4}=5 $ %

$ \therefore $ $ SI=\frac{400\times 7\times 4}{100}=Rs.,112 $

$ \therefore $ Amount $ =Rs.(400+112)=Rs.512 $