A certain amount of money is put on simple interest at a certain rate for 4 years. Had it been put at 3% higher rate, it would have fetched Rs 360 more. What is the amount ?

A certain amount of money is put on simple interest at a certain ra

1.	A certain amount of money is put on simple interest at a certain rate for 4 years. Had it been put at 3% higher rate, it would have fetched Rs 360 more. What is the amount ?
A.	Rs 2000
B.	Rs 3000
C.	Rs 4000
D.	Rs 5000
Answer» C. Rs 4000

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A certain amount of money is put on simple interest at a certain rate for 4 years. Had it been put at 3% higher rate, it would have fetched Rs 360 more. What is the amount ?

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