A sum was invested on simple interest at a certain rate for 3 years. Had it been invested at 2% higher rate, it would have fetched ₹360 more interest....

Question

A sum was invested on simple interest at a certain rate for 3 years. Had it been invested at 2% higher rate, it would have fetched ₹360 more interest. The value of the invested sum is:

Options

A.

₹6500

B.

₹5000

C.

₹6000

D.

₹4020

cuet 2023simple interestpercentageinvestment problems

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