Question
Quantitative Ability and Data Interpretation Question on SI & CI
Rs. XYZ was deposited at simple interest at a specific rate for 3 years. Had it been deposited at 2% higher rate, it would have fetched Rs. 360 more. Find Rs. XYZ.
A
Rs. 5500
B
Rs. 5000
C
Rs. 6000
D
Rs. 4500
Answer
Rs. 6000
Explanation
Solution
The correct option is (C): Rs. 6000.