Question

A sum was put at S.I at a certain rate for 2 years. Had it been put at 2% higher rate,it would have fetched ₹100 more the sum is

Answer 1

We have,

R=2%

S.I=Rs. 50

T=2 years

P=?

We know that

S.I=PRT/100

So,

50=P×2×2/100

50=P×4/100

50=P/25

P=Rs. 1250

Hence, this is the answer