A sum of $1000 amounts to $1500 in 5 years at simple interest. If the interest rate is increased by 5% it would amount to how much ?
Select the correct option
A) $1000	B) $750	C) $1541	D) $1478	E) $1750
S.I = 1500-1000= 
<gadget id="calculator">1500-1000</gadget>
<output>500</output>
500   P= $1000   T = 5 years   R = 100*500 / 1000*5 = 10%   New rate = 10+5= 
<gadget id="calculator">10+5</gadget>
<output>15</output>
15%   New S.I.= 1000*15*5/100= 
<gadget id="calculator">1000*15*5/100</gadget>
<output>750</output>
$750   New amount= 1000+750= 
<gadget id="calculator">1000+750</gadget>
<output>1_750</output>
$1750   Answer is $1750
<result>E</result>
A sum of $1000 amounts to $1500 in 5 years at simple interest. If the interest rate is increased by 5% it would amount to how much ?