Question

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

Answer 1

12,000

Step-by-step explanation:

p/100 *[ 2(r+3) - 2r] = 720

6p = 72000 => p = Rs 12000