A sum of money at simple interest amount

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

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

Options:

700

798

600

698

Correct Answer:

698

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.