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CA Foundation doubt

Q 7 A certain sum of money was put at si for 2.5 years at a certain rate of si p.a. had it been put at 4%higher rate. It would have fetched 500 more. Find the sum of money A 4000 B 5000 C 6000 D none

Image attached to the doubt: Q 7 A certain sum of money was put at si for 2.5 years at a certain rate of si…

Asked by other21 Jun 2024255 views

3 answers

  1. other · 21 Jun 2024

    But the question is asking about the sum of money

  2. Priyasha · 21 Jun 2024

    Option B 5000 Solution: Given - SI = 500 T= 2.5 R=4% P=? SI =P×R×T/100 500=P×4×2.5/100 500=P×10/100 500=P/10 P=500×10 P=5000

  3. Vedansh · 21 Jun 2024

    5000

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