A certain sum is invested at simple interest for 6 years at a certain rate. If it had been invested at a rate 3% higher, Rs 900 more would have been received. Find the principal.
A.Rs 3500
B.Rs 4000
C.Rs 4500
D.Rs 5000
D
This question tests the standard Simple Interest concept and its direct application to the stated values.
The given quantities are substituted into the standard formula or relation, and the expression is simplified step by step following BODMAS/identity rules.
Carrying out the calculation yields the required value: Rs 5000.
Hence, the correct answer is Rs 5000.
Similar Questions
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Important Questions from Simple Interest
How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest ?
Nirav and Mehul borrowed Rs.4000 and Rs.5000 respectively for 2.5 years at the rate of x% per annum. Mehul paid Rs 125 more interest than Nirav. Find x.
The difference between the simple interest received from two banks on Rs. 500 for two years is Rs. 2.50. What is the difference between their rates?
P borrowed an amount from Q at a simple interest of 10% p.a. At the end of the year, P paid back Rs 99000 which was 90% of what she owed. How much money did P borrow?
An amount becomes Rs. 3795 in 3 years and Rs. 4537.50 in \(7 \frac{1}{2}\) years on simple interest. Find the rate of interest per annum.
