A sum was put at a certain rate of interest for 3 years Had it been put at 2 higher rate it would ha...........

Quantitative Aptitude ( CCS) Simple Interest

A sum was put at a certain rate of interest for 3 years. Had it been put at 2% higher rate, it would have fetched Rs. 72 more. The sum is

Rs. 1250

Rs. 1400

Rs. 1200

Rs. 1500

छोटे Courses बड़े Results

Master Simple Interest

Prepare through Micro-courses

Try Now

Explanation:

At 3% more rate, the increase in SI for 2 years = Rs.72 (given)
So, at 3% more rate, the increase in SI for 1 year = 72/2= Rs.36/-
i.e. Rs.36 is 3% of the invested sum
So, 1% of the invested sum = 36/3
Therefore, the invested sum = 36 × 100/3 = Rs.1200.
Hence, option 3 is the correct answer.