M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs. 120. Find the principal amount.
A. Rs. 4,000
B. Rs. 5,000
C. Rs. 6,000
D. Rs. 7,000
Answer:C
M borrowed some money for 1 year at certain simple interest. But the interest rate was increased to 2% which amounted to Rs. 120. Find the principal amount.
A. Rs. 4,000 B. Rs. 5,000 C. Rs. 6,000 D. Rs. 7,000