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. Select the correct option:
A) Rs. 600	B) Rs. 60	C) Rs. 60000	D) Rs. 600000	E) Rs. 6000
Let sum = P and original rate = R.   Then, [ (P*(R+2)*3)/100] – [ (P*R*3)/100] = 360.   3PR + 6P - 3PR = 36000   6P=36000   P=6000   Hence, sum = Rs. 6000   Answer is Rs. 6000.
<result>E</result>
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.