Question

A sum of money was put at simple interest at a certain date for 2 years. If this sum had been put at a 3% higher rate , it would've earned ₹720 more as interest. Find the sum

Answer 1

rate=3%

time=2years

amount=720

si=t×r×p/100

si=3×2×x/100

si=6x/100

X+6x/100=720

106x/100=

X=720×100/106