Rs. 850 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. 850 become in 3 years ?  Choose the correct choice from the following answers
A) Rs. 1020.80 B) Rs. 1025 C) Rs. 1058 D) Data inadequate E) None of these
Solution   S.I. = Rs.(956-850 )=Rs.106   Rate = (100x106/850x3) = 212/51%   New rate = (212/51 +4)% = 416/51%   New S.I. = Rs.(850 x416/51x3/100) Rs. 208.   ∴ New amount = Rs.(850+208)= Rs. 1058.   Answer Rs. 1058
<result>C</result>
Rs. 850 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. 850 become in 3 years ?