Rs. 925 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. 925 become in 3 years ?
Choose the correct choice from the following choices
A) Rs. 1020.80	B) Rs. 1025	C) Rs. 1067	D) Data inadequate	E) None of these
Solution   S.I. = Rs.(956-925 )=Rs.31   Rate = (100x31/925x3) =124/111%   New rate = (124/111 +4)% = 568/111%   New S.I. = Rs.(925 x 568/111 x 3/100) Rs. 142   ∴ New amount = Rs.(925+142)= Rs. 1067.   Answer Rs. 1067
<result>C</result>
Rs. 925 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. 925 become in 3 years ?