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A Sum of Money at Simple Interest Amounts to ₹815 in 3 Years and to ₹854 in 4 Years. the Sum is - Mathematics

MCQ

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

Options

  • ₹650

  • ₹690

  • ₹698

  • ₹700

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Solution

₹698
Explanation :
SI for 1year = ₹(854-815) = ₹ 39
SI for 3 years = ₹(39 x 3) = ₹117
∴ Principal = ₹(815 - 117) = ₹698

 

Concept: Simple and Compound Interest
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