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Discussion :: Simple Interest

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

    2. A.

    650 
    B.

    690
    C.

    698
    D.

    700

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    Answer : Option C

    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.

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