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Question 54
A sum becomes ₹ 10650 in 5 years and ₹ 11076 in 6 years at simple interest. What is the sum?
Solution
Given, Amount for 5 years = Rs.10650
Amount for 6 years = Rs.11076
Then, Simple Interest for 1 year = Rs.11076 - Rs.10650 = Rs.426
Simple Interest for 5 years = Rs.426*5 = Rs.2130
Then, Principal = Rs.10650 - Rs.2130 = Rs.8520
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