1.

A certain amount of money is put on simple interest at a certain rate for 4 years. Had it been put at 3% higher rate, it would have fetched Rs 360 more. What is the amount ?

Answer»

RS 3000



Let the SUM be x and the rate of SI be R%.
∴ x(r + 3) x 4/100 - X x r x 4/100 = 360
∴ 4xr + 12X - 4xr = 36000
∴ x = 36000/12 = 3000



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