Arithmeticmedium · Past Paper
A sum was put at simple interest at a certain rate for 3 years. Had it been put at 2% higher rate, it would have fetched Rs 360 more. Find the sum.
ARs 4000
BRs 5000
CRs 6000
DRs 7000
✓ Correct Answer: C — Rs 6000
Extra Interest = (P * T * Extra Rate)/100 => 360 = (P * 3 * 2)/100 => 360 = 6P/100 => P = 6000.
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