Mathematics · Simple Interest
A certain sum of money is lent at simple interest for 3 years. Had it been lent at a 5% higher rate, it would have fetched Rs. 600 more. Find the sum.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4,000✓
- 2Rs. 6,000
- 3Rs. 5,000
- 4Rs. 8,000
Correct answer
Rs. 4,000
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