A sum of money at simple interest amounts to ₹1,200 in 3 years and to ₹1,350…
2023
A sum of money at simple interest amounts to ₹1,200 in 3 years and to ₹1,350 in 4years. The sum is:
- A.
₹650
- B.
₹850
- C.
₹450
- D.
₹750
Attempted by 13 students.
Show answer & explanation
Correct answer: D
The amount increases from Rs. 1,200 in 3 years to Rs. 1,350 in 4 years, so one year's simple interest is Rs. 150. Interest for 3 years = Rs. 450, so principal = 1200 - 450 = Rs. 750.