If simple interest on a certain sum of money for 3 years is ₹600 and for 2 years is ₹ 400, what is simple interest for one year ?

Rs 300

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Rs 250

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Rs 200

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Rs 350

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Solution

The correct option is C Rs 200
Simple interest remains same for every year for a certain amount of money at certain rate of interest
Simple interest for one year
= Simple interest for three years - Simple interest for two years
= 600 - 400
= ₹ 200

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If simple interest on a certain sum of money for 3 years is ₹600 and for 2 years is ₹ 400, what is simple interest for one year ?

The correct option is C Rs 200Simple interest remains same for every year for a certain amount of money at certain rate of interest Simple interest for one year = Simple interest for three years - Simple interest for two years = 600 - 400 = ₹ 200

The correct option is C Rs 200
Simple interest remains same for every year for a certain amount of money at certain rate of interest
Simple interest for one year
= Simple interest for three years - Simple interest for two years
= 600 - 400
= ₹ 200