Question: A sum was put at simple interest at a certain rate for `2` years. Had it been put at `3%`higher rate, it would have fetched Rs. `72` more.The sum is :
A
B
C
D
`Rs. 1200`
B
`Rs. 1500`
C
`Rs. 1600`
D
`Rs. 1800`
Note: Let the sum be x Rs. x and original rate be R%.Then,
`(x xx(R + 3) xx 2)/100 - (x xx R xx 2)/100`
`= 72`
`or 2Rx + 6x - 2Rx`
`= 7200`
`or x = 1200`