A certain amount becomes Rs 3000 at a simple interest of 12%. Keeping the time period same, if the rate of simple interest is increased by 3%, the amount will become 300 Rs/- more than in the previous setting. What is the amount? Also find the time period.

A certain amount becomes Rs 3000 at a simple interest of 12%. Keeping

1.	A certain amount becomes Rs 3000 at a simple interest of 12%. Keeping the time period same, if the rate of simple interest is increased by 3%, the amount will become 300 Rs/- more than in the previous setting. What is the amount? Also find the time period.
A.	Rs. 1500 and 7 years
B.	Rs. 1800 and 5.5 years
C.	Rs. 1900 and 8.25 years
D.	Rs. 2000 and 20 years
Answer» C. Rs. 1900 and 8.25 years

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A certain amount becomes Rs 3000 at a simple interest of 12%. Keeping the time period same, if the rate of simple interest is increased by 3%, the amount will become 300 Rs/- more than in the previous setting. What is the amount? Also find the time period.

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