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Examveda

A sum was put at simple interest at a certain rate for 3 years. Had it been put at 1% higher rate, it would have fetched Rs. 5100 more. The sum is

A. Rs. 1, 20, 000

B. Rs. 1, 25, 000

C. Rs. 1, 50, 000

D. Rs. 1, 70, 000

Answer: Option D

Solution(By Examveda Team)

$$\eqalign{ & {\text{Let the sum be Rs}}{\text{. }}x{\text{ and}} \cr & {\text{original rate be R}}\% \cr & {\text{Then,}} \cr & \Rightarrow \frac{{x \times \left( {{\text{R}} + 1} \right) \times 3}}{{100}} - \frac{{x \times {\text{R}} \times 3}}{{100}} = 5100 \cr & \Rightarrow 3{\text{R}}x + 3x - 3{\text{R}}x = 510000 \cr & \Rightarrow 3x = 510000 \cr & \Rightarrow x = 170000. \cr & {\text{Hence,}} \cr & {\text{Sum}} = {\text{Rs}}.170000 \cr} $$

This Question Belongs to Arithmetic Ability >> Interest

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