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.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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