A sum of money at simple interest amount to Rs. 2240 in 2 years and to Rs. 2600 in 5 years. What is the principal amount?

Rs. 1520

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Rs. 1880

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Rs. 2120

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None

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Solution

The correct option is D None
S.I for = Rs. (2600 - 2240) = Rs. 360.

$S . I F o r 2 y e a r s = R s (\frac{360}{3} \times 2) = R s .240$

$∴ P r i n c i p a l = R s . (2240 - 240) = R s . 2000$

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