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      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├Ч40=4000.

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