# QA – Placement Quizzes | Simple Interest | Question 15

A certain amount was lent at a rate R for 2 yrs at SI. If it been put at 3% higher rate, it would have fetched Rs 300 more. Find the amount?**(A)** 5500**(B)** 6000**(C)** 5000**(D)** 4500**Answer:** **(C)****Explanation:** SI = P X R X 2/100………..(1)

SI+300 = PX(R+3) X 2/100…..(2)

P=5000

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