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Question

A sum of money at simple interest amounts to ₹ 1860 in 2 years and to ₹1930 in 3 years. What is the sum?


A

₹ 1720

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B

₹ 1700

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C

₹ 1650

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D

₹ 1715

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Solution

The correct option is A

₹ 1720


S.I. for 1 year = ₹ (1930 - 1860) = ₹ 70.
( Since the amount is given at the 2 years and 3 years )

S.I. for 2 years = ₹ (70 × 2) = ₹ 140
(Since simple interest is same for every year )

Principal = Amount - Interest
= ₹ 1860 - ₹ 140
= ₹ 1720


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