Q. A sum was lent at simple interest at a certain rate for 2 years. Had it been lent at 3% higher rate, it would have fetched Rs.300 more. The original sum of money was :

  • (A) Rs. 4000
  • (B) Rs. 5000
  • (C) Rs. 6000
  • (D) Rs. 7000
βœ… Correct Answer: (B) Rs. 5000

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