New Upcoming Legal Jobs Free Workshop March 11 at 5 PM. Register here

    Question

    A certain sum of money is given at a certain rate for 3

    years. Had it been given at 5% higher rate; it would have fetched Rs.600 more. Find the sum.
    A 4000 Correct Answer Incorrect Answer
    B 6000 Correct Answer Incorrect Answer
    C 2500 Correct Answer Incorrect Answer
    D 3000 Correct Answer Incorrect Answer

    Solution

    Let the sum =100Rs. R=r%, T=3years rate with 5% higher rate =r+5 three-year growth =15% ATQ- 15% =600 1=40 Then sum =100×40=4000.

    Practice Next

    Relevant for Exams: