Question

Rs. 1200 becomes Rs. 1632 after 4 years. If the rate of interest is increased by 2%, what will be the amount then?

• A. Rs. 1,890
• B. Rs. 1,844
• C. Rs. 1,756
• D. Rs. 1,728
• E. None of these

Answer 1

The correct option is D Rs. 1,728

Increase in interest in 4 yrs with rate 2%
$=1200\times 4\times \frac{2}{100}=96$
So amount = 1632=96=1728