A certain sum of money is given at a certain rate for 3 years. Had it been given at 5% higher rate, it would have fetched ₹600 more. Find the sum.

₹4,000

P (Principal)= 100%

Time = 3Y

Rate of interest is increases by = 5%

Then total rate of interest increases = Time x Rate% (3 x 5% = 15%)

ATQ

15% = 600

1% = 600/15= 40

100% = 4,000

Answer= 4,000