Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Simple Interest

Question:

A sum of money amounts to ₹767 in 3 years and to ₹806 in 4 years on simple interest at 6% annum. What is the sum?

Options:

₹600

₹560

₹675

₹650

Correct Answer:

₹650

Explanation:

Amount becomes 767 in 3 yrs and 806 in 4 years, it means interest of 1 year = 806 - 767 = 39 Rs.

So, Interest of 3 year = 39 × 3 = 117 Rs.

Here, Principal =  Amount - Interest

                      =  767-117 = Rs 650