The difference between simple interest on a certain sum at the annual rate of 8 percent for 5 years and 6 years is Rs. 26. What is the sum? |
Rs. 325 Rs. 240 Rs. 290 Rs. 360 |
Rs. 325 |
If Principal = 100 Interest = Principal × Time Simple interest at 8% for 5 years = 8 × 5 = 40% Simple interest at 8% for 6 years = 8 × 6 = 48% ATQ 48% - 40% = 26 8% = 26 1% = \(\frac{26}{8}\) 100% = \(\frac{26}{8}\) × 100 = Rs 325 |