A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:
Choices.
A) Rs.750  B) Rs.700  C) Rs.820  D) Rs.940  E) Rs.900
Explanation :   Let the sub be Rs.x and the initial rate be R%.Then   x × (R+4) × 2/100−x×R×2/100=60   ⇒x × 4×2/100=60   ⇒x × 2 /100=15   ⇒2x=1500   ⇒x=750   Rs.750nswer : Option Rs.750
<result>A</result>
A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is: