What will be the Sum? If

A sum of money at simple interest amount to Rs. 2240 in 2 years and Rs. 2600 in 5 years. The sum is:

  1. Rs. 1880
  2. Rs. 2000
  3. Rs. 2120
  4. None of these
Desire Adnan Default Asked on 23rd July 2015 in Maths.
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1 Answer(s)

Answer: (2) Rs.2000
Explanation:-
Amount of two years = Rs.2240
Amount of five years = Rs.2600
Simple interest of three years = 2600 – 2240
= Rs.360
Simple Interest of year = 360/3 = 120
Then, the simple interest of two years = 2 x 120 = Rs.240
Principal = Amount – Simple interest
= 2240 – 240 = Rs.2000
Hence, the principal is Rs.2000.

Anurag Mishra Professor Answered on 23rd July 2015.
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