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

Rs. 700

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Rs. 690

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Rs. 650

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Rs. 698

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Solution

The correct option is D Rs. 698
Simple Interest (SI) for 1 year = 854 - 815 = 39
Simple Interest (SI) for 3 years = $39 \times 3 = 117$
Principal = $815 - 117 = R s . 698$

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