Question 61

A sum of money lent at simple interest amounts to Rs. 880 in 2 years and to Rs. 920 in 3 years. What is the sum of money?

Name: A sum of money lent at simple interest amounts to Rs. 880 in 2 years and to Rs. 920 in 3 years. What is the sum of money?
Uploaded: Feb. 25, 2021, 10:38 a.m.
Duration: 1 min 4 s
Description: A sum of money lent at simple interest amounts to Rs. 880 in 2 years and to Rs. 920 in 3 years. What is the sum of money?

Solution

Interest of 1 year = 920-880=Rs.40

Since, Principal = Amount - Interest

=> Principal (before 2 years) = $$880-40\times2=Rs.$$ $$800$$

=> Ans - (D)

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TISSNET 2014

A sum of money lent at simple interest amounts to Rs. 880 in 2 years and to Rs. 920 in 3 years. What is the sum of money?

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