A sum was put a simple interest at a certain rate for 2 years.

A sum was put a simple interest at a certain rate for 2 years. Had it been put at 4% higher rate, it would have fetched Rs. 60 more. The sum is:

Answer/Solution

Rs.750

Steps/Work

Explanation :
Let the sub be Rs.x and the initial rate be R%.Then
x × (R+4) × 2/100−x×R×2/100=60
⇒x × 4×2/100=60
⇒x × 2 /100=15
⇒2x=1500
⇒x=750
Answer : Option A

Gain Calculator / Auto Solver

A sum was put a simple interest at a certain rate for years. Had it been put at % higher rate, it would have fetched $ more. The sum is :

Calculated Answer

750

Step by Step Solution

In order to solve problem, you must evaluate (n₂ / n₀) / n₁ * 100.

n₀ =	2
n₁ =	4
n₂ =	60

(n₂ / n₀) / n₁ * 100
Evaluate n₂ / n₀ = 30
30 / n₁ * 100
Evaluate 30 / n₁ = 7.5
7.5 * 100
Evaluate 7.5 * 100 = 750
750
The answer to the problem and the result of (n₂ / n₀) / n₁ * 100 is 750

Quiz

Answer/Solution

Steps/Work

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Calculated Answer

Step by Step Solution