Question:
A certain sum becomes 2356 in 3 years and 2660 in 5 years on simple interest. What is the value of the sum?
A certain sum becomes 2356 in 3 years and 2660 in 5 years on simple interest. What is the value of the sum?
Updated On: Oct 28, 2024
- 1800
- 1880
- 1900
- 1980
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The Correct Option is C
Solution and Explanation
The difference in interest for two years is $2660 - 2356 = 304$, so the interest for 1 year is 152. The interest for 3 years is $152 \times 3 = 456$. The principal is $2356 - 456 = 1900$.
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