$A$ sum was put at simple interest at a certain rate for $2$ years. Had it been put at $1 \%$ higher rate,it would have fetched ₹ $24$ more. The sum is (in ₹):

  • A
    $600$
  • B
    $800$
  • C
    $1200$
  • D
    $1600$

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Similar Questions

The simple interest accrued on a certain principal is ₹ $1200$ in $4$ years at the rate of $8 \%$ per annum. What would be the simple interest (in ₹) accrued on thrice of that principal at the rate of $6 \%$ per annum in $3$ years?

An automobile financier claims to be lending money at simple interest,but he includes the interest every six months for calculating the principal. If he is charging an interest of $10 \%$ per annum,the effective rate of interest becomes (in $\%$):

Mr. Thomas invested an amount of $Rs. 13,900$ divided in two different schemes $A$ and $B$ at the simple interest rate of $14 \%$ $p.a.$ and $11 \%$ $p.a.$ respectively. If the total amount of simple interest earned in $2$ $years$ be $Rs. 3508$,what was the amount (in $Rs.$) invested in Scheme $B$?

$A$ sum invested at $5 \%$ simple interest per annum grows to ₹ $504$ in $4$ years. The same amount at $10 \%$ simple interest per annum in $2 \frac{1}{2}$ years will grow to (in ₹):

In how many years will ₹ $150$ produce the same interest at $8 \%$ per annum as ₹ $800$ produces in $3$ years at $4 \frac{1}{2} \%$ per annum?

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