Mathematics for FinanceMTP Dec 23Question 1401 of 479
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A certain sum of money was put at S.I. for 2.5\displaystyle 2.5 years at a certain rate of S.I. p.a. Had it been put at 4%\displaystyle 4\% higher rate, it would have fetched 500\displaystyle 500 more. Find the sum of money.

Options

A4,000\displaystyle 4,000
B5,000\displaystyle 5,000
C6,000\displaystyle 6,000
DNone of these
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Correct Answer

Option b5,000\displaystyle 5,000

All Options:

  • A4,000\displaystyle 4,000
  • B5,000\displaystyle 5,000
  • C6,000\displaystyle 6,000
  • DNone of these

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