For 2 years, a sum was put at SI at a certain rate. If the rate was 3% higher, it would have fetched Rs. 300 more. What will be the sum ?

1Rs. 5000
2Rs. 4800
3Rs. 2500
4Rs. 4484

Answer:- 1

Explanation:-

Solution:

\begin{aligned} Let principal is P \\ then, \\ 300  = \frac{P \times 3 \times 2}{100} \\ P  =  5000 \end{aligned}

$\eqalign{ & {\text{Let principal is P}} \cr & {\text{then,}} \cr & {\text{300 = }}\frac{{{\text{P}} \times 3 \times 2}}{{100}} \cr & {\text{P = 5000}} \cr}$

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", "dateCreated": "7/24/2019 10:09:12 AM", "author": { "@type": "Person", "name": "Nitin Sir" } }, "suggestedAnswer": { "@type": "Answer", "text": "

Solution:

\begin{aligned} Let principal is P \\ then, \\ 300  = \frac{P \times 3 \times 2}{100} \\ P  =  5000 \end{aligned}

$\eqalign{ & {\text{Let principal is P}} \cr & {\text{then,}} \cr & {\text{300 = }}\frac{{{\text{P}} \times 3 \times 2}}{{100}} \cr & {\text{P = 5000}} \cr}$ ", "dateCreated": "7/24/2019 10:09:12 AM" } }