A sum was put at simple interest at a certain rate for 3 years. Had it been…
2025
A sum was put at simple interest at a certain rate for 3 years. Had it been put at 1% higher rate, it would have fetched ₹5100 more. Find the sum.
- A.
₹ 170,000
- B.
₹ 150,000
- C.
₹ 175,000
- D.
₹ 200,000
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Correct answer: A
Let the principal sum be P. The difference in simple interest due to a 1% rate increase over 3 years is given by (P × 1 × 3) / 100 = 5100. Simplifying, 3P = 510,000, which gives P = ₹170,000.