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?
Solution
Interest of 1 year = 920-880=Rs.40
Since, Principal = Amount - Interest
=> Principal (before 2 years) = $$880-40\times2=Rs.$$ $$800$$
=> Ans - (D)
Video Solution
Create a FREE account and get:
- Download Maths Shortcuts PDF
- Get 300+ previous papers with solutions PDF
- 500+ Online Tests for Free
