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 ?
A. Rs. 5000 B. Rs. 4800 C. Rs. 2500 D. Rs. 4484 Answer: Option AShow Answer
Solution(By Apex Team)
$\begin{array}{l}\text{Let principal is P}\\
\text{Then,}\\
\begin{array}{l}
300=\frac{\mathrm{P} \times 3 \times 2}{100} \\
\mathrm{P}=5000
\end{array}\end{array}$
