Simple Interest on certain sum at the rate of $10 %$ per annum for 6 years and 7 years differs by Rs.650. Find the sum.

8500

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6500

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5500

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4500

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Solution

The correct option is B
6500

Simple interest for one year = 650

$\Rightarrow \frac{P R T}{100} = 650$

$\Rightarrow \frac{P \times 10 \times 1}{100} = 650$

$\Rightarrow$ = 6500

The sum is Rs.6500.

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