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The amount 2,100 became ₹2,352 in 2 years at simple interest. If the interest rate is decreased by 1%, what is the new interest ?
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- ₹210
- ₹220
- ₹242
- ₹252
- ₹210
Correct Option: A
As per the given in question ,
S.I. = Amount - Principal = 2352 – 2100 = ₹ 252
| Rate = | |
| Principal × Time |
| Rate = | = 6% per annum | |
| 2100 × 2 |
New rate = 5%
| ∴ S.I. = | = ₹ 210 | |
| 6 |
