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Old Saturday, January 05, 2019
Astute Astute is offline
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Default Simple Interest

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

A. Rs. 650
B. Rs. 690
C. Rs. 698
D. Rs. 700

Answer: Option C

Explanation:

S.I. for 1 year = Rs. (854 - 815) = Rs. 39.

S.I. for 3 years = Rs.(39 x 3) = Rs. 117.

Principal = Rs. (815 - 117) = Rs. 698.
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