Question

A certain sum of money is given at a certain rate for 3 years. Had it been given at 5% higher rate; it would have fetched Rs.600 more. Find the sum.

A 4000 Correct Answer Incorrect Answer
B 6000 Correct Answer Incorrect Answer
C 2500 Correct Answer Incorrect Answer
D 3000 Correct Answer Incorrect Answer

Solution

Let the sum =100Rs. R=r%, T=3years rate with 5% higher rate =r+5 three-year growth =15% ATQ- 15% =600 1=40 Then sum =100×40=4000.

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