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    Question

    A sum was put at simple interest at a certain rate for 7

    years. Had it been put at 6 % higher rate, it would have fetched Rs. 1260 more. Find the sum?
    A Rs 3000 Correct Answer Incorrect Answer
    B Rs 3500 Correct Answer Incorrect Answer
    C Rs 3200 Correct Answer Incorrect Answer
    D none of these Correct Answer Incorrect Answer

    Solution

    (P x (r + 6) x 7)/100 - (P x r x7)/100 = 1260 7Pr + 42P – 7Pr = 1260 x 100 42P = 1260 x 100 P = Rs 3000

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