Practicing Success
A certain sum becomes Rs.1,050 in 5 years and Rs.1,230 in 8 years at simple interest. What is the sum? |
Rs. 950 Rs. 700 Rs. 650 Rs. 750 |
Rs. 750 |
Principal (P) becomes 1050 in 5 years and 1230 in 8 years i.e. Interest (I) of 3 years = 1230-1050 = Rs 180 Interest of 1 year = \(\frac{180}{3}\) Rs 60 Interest of 5 years =60×5=Rs 300 Principal=Amount-Interest P=1050-300 Principal = Rs 750 |