A sum of money is given at a fixed rate for 2 years at simple interest. If it is given at a higher rate of 3%, Rs. 300 more is received. The amount is

A sum of money is given at a fixed rate for 2 years at simple interest

1.	A sum of money is given at a fixed rate for 2 years at simple interest. If it is given at a higher rate of 3%, Rs. 300 more is received. The amount is
A.	Rs. 5,000
B.	Rs. 5,400
C.	Rs. 5,300
D.	Rs. 5,500
Answer» B. Rs. 5,400

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A sum of money is given at a fixed rate for 2 years at simple interest. If it is given at a higher rate of 3%, Rs. 300 more is received. The amount is

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