A sum of TK.600 amounts to TK.720 in 4 years at simple interest. What will it amount to if the rate of interest is increased by 2%?

A sum of TK.600 amounts to TK.720 in 4 years at simple interest. What will it amount to if the rate of interest is increased by 2%?

A TK.648

B TK.768

C TK.726

D TK.792

Solution

Correct Answer: Option B