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A sum was lent at simple interest at a certain rate for 2 years. Had it been lent at 3% higher rate, it would have fetched Rs.300 more. The original sum of money was :

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A sum was lent at simple interest at a certain rate for 2 years. Had it been lent at 3% higher rate, it would have fetched Rs.300 more. The original sum of money was :
1). Rs.5000
2). Rs.6000
3). Rs.7000
4). Rs.4000

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2 answers

20 vote
Answered by on | Votes 20 |
option 1 : seems correct

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38 vote
Answered by on | Votes 38 |

I think this is the right answer

If the principal be x, then

X = $\frac{300\times 100}{3\times 2}$

= Rs.5000




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