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Question
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
MCQ
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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
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Simple and Compound Interest (Entrance Exam)
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