Question

A sum of money at simple interest amounts to Rs. 1000 in 4 years and to Rs. 1050 in 5 years. What is the sum?

• A. Rs.698
• B. Rs.700
• C. Rs.650
• D. Rs.715

Answer 1

The correct option is A

Rs.698

S.I. for 1 year

$=Rs.(1050-1000)=Rs.50.$

S.I. for 4 years

$=(50\times 4)=Rs.200.$

Principle

$=Rs.(1000-200)=Rs.800.$