Rs. 800 amounts to Rs. 920 in 3 years at simple interest. If the interest rate is increased by 3%, it would amount to how much?

– by 0

A. Rs. 1056
B. Rs. 1182
C. Rs. 992
D. Rs. 1112

New S.I = Rs(800 × 8 × 3 /100) = Rs 192. So, New amount = Rs. (800 + 192) = Rs 992.

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