Question
A sum was put a simple interest at a certain rate for 2 years. Had it been put at 3% higher rate, it would have fetched Rs. 72 more. The sum is:
Answer: Option C
 -
Was this answer helpful ?
 -
We have, T = 2 years.
Let the principal be Rs. X
Then, simple interest (I) = Rs.
X
5
Rate of interest (R) =
=
Was this answer helpful ?
Submit Solution