A sum was put at SI at certain rate for 2 years.Had it been put at 3% higher rate, it would have fetched Rs.300 more.Find the Sum
Choose the correct option:
A) RS 4000
B) RS 5000
C) RS 6000
D) RS 7000
E) RS 8000
let P be the sum.and X be the interest rate.   (2*(X+3)*P/100) - (2*X*P/100)=300   THEREFORE 6P/100=300   P=RS 5000   ANSWER:RS 5000
<result>B</result>
A sum was put at SI at certain rate for 2 years.Had it been put at 3% higher rate, it would have fetched Rs.300 more.Find the Sum