Question

A certain sum of money lent out on simple interest amounts to Rs. 1760 in 2 years and to Rs.2000 in 5 years. Find the sum?

• A. Rs. 1650
• B. Rs. 1500
• C. RS. 1580
• D. Rs. 1600

Answer 1

Answer:

D. Rs. 1600

According to question interest for 3 years =2000 - 1760=Rs.240 Interest for 1 year= 240/3 =Rs.80 Interest for 2 years=Rs. 160 Principal Sum = Amount after 2 years - Interest for 2 years =Rs. 1760 - Rs.160 = Rs. 1600