Answer: B
Difference in interest = Principal \(\times\) Time \(\times\) Difference in interest rate
or, \( 300= \) Principal \(\times 5 \times \cfrac{2}{100}\)
or, Principal = \(\cfrac{300\times 100}{5\times 2}=3000\) rupees.
Difference in interest = Principal \(\times\) Time \(\times\) Difference in interest rate
or, \( 300= \) Principal \(\times 5 \times \cfrac{2}{100}\)
or, Principal = \(\cfrac{300\times 100}{5\times 2}=3000\) rupees.