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Money invested for 3 yrs at simple interest, had it been invested at 4% higher rate, it would have fetched Rs 600 more..

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A sum was invested for 3 years at simple interest at a certain rate, had it been invested at 4% higher rate of interest, it would have fetched Rs 600 more. What was the sum invested?

posted Jan 18, 2016 by Vijay

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1 Answer

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For 3 yrs=>Rs 600 more
For 1 Yr=>Rs 200 more
Assume invested amount is Rs 100.@4% higher rate , So we will get Rs 4 extra.
To get Rs 200 extra,we need to invest 200/4=50 times of Rs 100 ie Rs 5000
Ans is Rs 5000/-

answer Jan 19, 2016 by Jaikumar Bhatia
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