The simple Interest on a sum increases by Rs. $768$ if the rate of interest is increased by $4 %$ . If the rate of interest is increased by $3 %$ , the interest will increase by-

An amount which depends on the time for which the money is invested

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Rs.

576

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Rs.

480

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Depends on the initial rate

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Solution

The correct option is A An amount which depends on the time for which the money is invested
The simple interest on a sum increases by $R s 767$ if the rate of interest increased by $4 %$ . If the rate of interest increased by $3 %$ , then obviously the interest will be increased by,
An amount which depends on the time for which the money is invested.

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The simple Interest on a sum increases by Rs. 768 if the rate of interest is increased by 4%. If the rate of interest is increased by 3%, the interest will increase by-

The simple Interest on a sum increases by Rs. $768$ if the rate of interest is increased by $4 %$ . If the rate of interest is increased by $3 %$ , the interest will increase by-