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      Question

      A certain amount earns simple interest of Rs. 1480 after

      3 years. Had the interest been 5% more, how much more interest would it have earned?
      A Rs. 128 Correct Answer Incorrect Answer
      B Rs. 114 Correct Answer Incorrect Answer
      C Rs. 136 Correct Answer Incorrect Answer
      D Cannot be determined Correct Answer Incorrect Answer

      Solution

      When we solve this question, we find that we have two variables P (Principal) and R (Initial assumed rate of interest) in the R.H.S. of the SI equation. Therefore, the correct answer can't be determined.

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