Question

The total simple interest earned on a sum of money increases by Rs. 600 when the rate of interest increases by 2% per annum. If the investment was made for 5 years, find the sum of money that was invested ?
A) Rs. 6000
B) Rs. 5550
C) Rs. 7500
D) Rs. 6580

Answer 1

6000 . Rs 100 5 4 30000 = × × = Example 2 : Find the simple interest on a sum of Rs. 15,000, ... Rs. 200 is the extra interest if the money is lent at 2% higher interest rate per annum.

Answer 2

Heya mate
The answer of ur question is


Sum of money increases = Rs . 600
R = 2%
Time = 5 yrs



So , the sum of money that has been invested was Rs . 6000




hope it helps