A sum of money at simple interest amounts to ₹ 815 in 3 years and to ₹ 854 in 4 years. The sum is:

₹698

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

₹690

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹650

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹700

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A ₹698
Simple interest for 1 year = ₹(854 - 815)
= ₹39

Simple interest for 3 years = ₹(39 x 3)
= ₹117

Principal = ₹(815 - 117) = ₹698.

Suggest Corrections

Similar questions

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. Find the original sum of money.

X amount of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. What is the value of X?

Join BYJU'S Learning Program