An amount was invested at a simple rate of interest p.a. for 5 years. It would have fetched Rs. 300 more had it been invested at 2% higher rate. What was the amount invested?

An amount was invested at a simple rate of interest p.a. for 5 years.

1.	An amount was invested at a simple rate of interest p.a. for 5 years. It would have fetched Rs. 300 more had it been invested at 2% higher rate. What was the amount invested?
A.	Rs. 3300
B.	Rs. 3000
C.	Rs. 2000
D.	Rs. 2300
Answer» C. Rs. 2000

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An amount was invested at a simple rate of interest p.a. for 5 years. It would have fetched Rs. 300 more had it been invested at 2% higher rate. What was the amount invested?

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