ExamVeda
Login
Home

For 2 years a sum was put at SI at a...

This question belongs to Arithmetic Ability Interest
Interest
?

For 2 years, a sum was put at SI at a certain rate. If the rate was 3% higher, it would have fetched Rs. 300 more. What will be the sum ?

Answer & Solution
Correct Answer: Option A
$$\eqalign{ & {\text{Let principal is P}} \cr & {\text{then,}} \cr & {\text{300 = }}\frac{{{\text{P}} \times 3 \times 2}}{{100}} \cr & {\text{P = 5000}} \cr} $$
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Interest

Find the simple interest on Rs. 5200 for 2 years at 6% per annum.
A. Rs. 450 B. Rs. 524 C. Rs. 600 D. Rs. 624
Rs. 1200 is lent out at 5% per annum simple interest for 3 years. Find the amount after 3 years.
A. Rs. 1380 B. Rs. 1290 C. Rs. 1470 D. Rs.1200 E. Rs. 1240
Interest obtained on a sum of Rs. 5000 for 3 years is Rs. 1500. Find the rate percent.
A. 8% B. 9% C. 10% D. 11% E. 12%
Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
A. Rs. 2300 B. Rs. 2315.25 C. Rs. 2310 D. Rs. 2320 E. None of these
More Related Questions on Interest