Q: Rs.500 amounts to Rs.620 in 2 years at simple interest. If the interest is increased by 2%, it would amount to how much?
Options:
(A) 120
(B) 25
(C) 614
(D) 530
(E) 210
A: (D)
Explain how we arrive at this answer:
Explanation: (500*3*2)/100 = 30
500+ 30 = 530