An amount of Rs. 3000 becomes Rs. 3500 in four years at simple interest. If the rate of interest was 1% more, then what was be the total amount?
Select the correct option.
A) Rs. 4500.	B) Rs. 3800	C) Rs. 3700.	D) Rs. 2500.	E) Rs. 3500.
A = P(1 + TR/100)   =&gt; 3500 = 3000[1 + (4 * R)/100]   =&gt; R = 4.16%   Now R = 5.16%   =&gt; A = 3000[1 + (4 * 5.16)/100] = Rs. 3500.   ANSWRs. 3500.R:Rs. 3500.
<result>E</result>
An amount of Rs. 3000 becomes Rs. 3500 in four years at simple interest. If the rate of interest was 1% more, then what was be the total amount?