A sum of ₹12,500 amounts to ₹16,250 in 4 years at simple interest per annum. If the interest rate is increased by 2.5% per annum, then the increased amount for the same period is:
1
₹17,000
2
₹17,500
3
₹18,000
4
₹18,250
A sum of ₹12,500 amounts to ₹16,250 in 4 years at simple interest per annum. If the interest rate is increased by 2.5% per annum, then the increased amount for the same period is: