Question

A sum was put at simple interest at certain rate for 3 years. Had it been put at 1% higher rate it would have fetched Rs. 63 more. The sum is:
2 points
2400
2100
2200
2480

Answer 1

Answer:

Sum is 2100

Step-by-step explanation:

Hi there!

Using the given data,

P = ?

R = 1%

T = 3 yrs

S.I = 63

Using the formula, S.I=(P×R×T)/100

∴ P = S.I×100/ R×T

=> P = 63×100/1×3

=> P = 6300/3

=> P = 1200

Ans- The sum is 2100.

Hope this helps!