Mathematics for FinanceMTP Dec 23Question 1401 of 422
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A certain sum of money was put at S.I. for $2.5$ years at a certain rate of S.I. p.a. Had it been put at $4\%$ higher rate, it would have fetched $500$ more. Find the sum of money.

Options

A$4,000$
B$5,000$
C$6,000$
DNone of these
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Correct Answer

Option b$5,000$

All Options:

  • A$4,000$
  • B$5,000$
  • C$6,000$
  • DNone of these

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