Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of money, invested at a certain rate of simple interest per annum, amounts to ₹720 in 4 years and to ₹800 in 5 years. The sum invested is:

Options:

₹400

₹600

₹500

₹360

Correct Answer:

₹400

Explanation:

Simple interest of 1 year = 800 - 720 = 80

Simple interest of 4 years = 80 × 4 = 320

Sum invested = 720 - 320 = Rs. 400