Question

A sum was invested at simple interest at a certain
interest for 2 years. It would have fetched rs 60 more
had it been invested at 2% higher rate. What was the
sum?
(a) 1500
(b) 1300
(c) 2500
(d) 1000​

Answer 1

Answer:

1500

Step-by-step explanation:

s.i2 - s.i1 = 60

p/100 *[( 2(r+2) - 2r ] = 60

p/100* (2r+4 - 2r) = 60

4p = 6000 => p = 1500

option(a) is correct