Question

a sum was put at simple interest at certain rate for 2 years.had it been put at 2% higher rate it would have fetched rs. 100 more. the sum is.

Answer 1

Answer:

$p = 2500$

Step-by-step explanation:

$I = \frac{ptr}{100}$

$\frac{2p(r + 2)}{100} - \frac{2pr}{100} = 100$

$\frac{4p}{100} = 100$

$p = 2500$