CUET Preparation Today
CUET
General Test
Numerical Ability
Simple Interest
Ramya lent a certain sum of money at 4% simple interest to Seema and in 8 years the interest amounted to ₹3,400 less than the sum lent. Find the sum lent by Ramya to Seema. |
₹3,050 ₹6,100 ₹8,200 ₹5,000 |
₹5,000 |
Let money lent by Ramya to Seema = P ATQ , Simple Interest = Principal×Rate×Time100 P - 3400 = P×4×8100 P - 3400 = 8P25 P - 8P25 = 3400 17P25 = 3400 P = Rs.5000 |