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 A
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Solution(By Apex Team)

$\begin{array}{l}\text{Let principal is P}\\ \text{Then,}\\ \begin{array}{l} 300=\frac{\mathrm{P} \times 3 \times 2}{100} \\ \mathrm{P}=5000 \end{array}\end{array}$