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 ?
Select the correct option:
A) Rs. 1020.80	B) Rs. 1025	C) Rs. 1052	D) Data inadequate	E) None of these
Solution   S.I. = Rs.(956-800 )=Rs.156   Rate = (100x156/800x3) = 6 1/2%   New rate = (6 1/2 +4)% = 10 1/2%   New S.I. = Rs.(800 x21/2x3/100) Rs. 252.   ∴ New amount = Rs.(800+252)= Rs. 1052.   Answer Rs. 1052
<result>C</result>
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 ?