Rs. 1000 becomes Rs. 1200 in 2 years at a certain rate of simple inter – McqOptions

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1.	Rs. 1000 becomes Rs. 1200 in 2 years at a certain rate of simple interest. If the rate of interest is increased by 4%, what amount will Rs. 1000 become in 3 years?
A.	1300
B.	1150
C.	1400
D.	1420
Answer» E.

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