Multiple Choice Questions on Rs 1200 becomes Rs 1632 after 4 years If the rate of interest is increased by 2 what will be the amo........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

Rs 1200 becomes Rs 1632 after 4 years If the rate of interest is increased by 2 what will be the amo...........

Quantitative Aptitude ( CCS) Simple Interest
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    Rs 1200 becomes Rs 1632 after 4 years. If the rate of interest is increased by 2%, what will be the amount then? 

    Rs 1,890

    Incorrect Answer

    Rs 1,844

    Incorrect Answer

    Rs 1,756

    Incorrect Answer

    Rs 1,728

    Correct Answer
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    Explanation:

    Increase in interest in 4 yrs with rate 2%= 1200*4*2/100 = 96
    So amount = 1632+96 = 1728

    By: Pranav Gupta
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