Question

A sum was put at simple interest at a certain rate for 3 years. Had it been put at 1$\%$ higher rate, it would have fetched Rs 5,100 more. The sum is

• A. Rs 1,70,000
• B. Rs 1,50,000
• C. Rs 1,25,000
• D. Rs 1,20,000

Answer 1

Answer: (A)

Rs 1,70,000

Answer 2

Simple interest for 1 yr = $\frac{5100}{3}$ = Rs.1700
1$\%$ of sum = 1700
Then sum = $\frac{1700 × 100}{1}$ = Rs.1,70,000
So the correct option is (A)