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.
Add Comment
  • 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.
    Add Comment

    Your Answer

    By posting your answer, you agree to the privacy policy and terms of service.