This question was previously asked in

DSSSB PGT Commerce Male General Section - 28 June 2021 Noon

- Rs.724
- Rs.696
- Rs.596
- Rs.776

Option 2 : Rs.696

**Given:**

The sum is 1450, the time is 3 years and the Simple interest is Rs. 522

**Concept:**

The simple interest = (Principle × Time × Rate)/100

**Calculation:**

Let be assume the rate is R

⇒ 522 = (1450 × 3 × R)/100

⇒ R = (522 × 100)/(1450 × 3) = 12%

⇒ New rate will be = 12 + 4 = 16% (According to question)

⇒ Simple interest = (1450 × 3 × 16)/100 = 69600/100 = 696

**∴ The required result will be 696.**

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