Question:

The simple interest on a certain sum of money for \(2\frac{1}{2}\) years at 12% per annum is RS.40 less than the simple interest on the same sum for \(3\frac{1}{2}\) years at 10% per annum. Find the sum

Updated On: Mar 15, 2024
  • Rs 800
  • Rs 1,600
  • Rs 1,200
  • Rs 1,000
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The Correct Option is A

Solution and Explanation

The correct answer is (A) : Rs 800.
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