Mathematics · Simple Interest
A sum invested at rate r% simple interest for 5 years yields ₹1,500 as interest. If the rate were increased by 2% p.a. (i.e. r + 2% p.a.) for the same period, the interest would be ₹1,800. What was the original principal?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3,500
- 2Rs. 3,200
- 3Rs. 3,000✓
- 4Rs. 2,500
Correct answer
Rs. 3,000
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