A sum was invested at a certain rate of simple interest per annum for 8 years. Had it been invested at a rate of simple interest per annum that is 8% higher than the rate at which the sum had been actually invested, it would have fetched ₹4,000 more as interest at the end of the 8-year period. What was the sum invested?

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A sum was invested at a certain rate of simple interest per annum for 8 years. Had it been invested at a rate of simple interest per annum that is 8% higher than the rate at which the sum had been actually invested, it would have fetched ₹4,000 more as interest at the end of the 8-year period. What was the sum invested?

A6,925

B6,500

C6,250

D6,750

Answer:

C. 6,250

Read Explanation:

6,250

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