Question

The simple interest on a sum of money for $2\frac{1}{2}$ years at $8$% is Rs. $96$ less than the simple interest on the same sum for $3$ years at $12$%. Find the sum.

• A. $1000$
• B. $400$
• C. $300$
• D. $600$

Answer 1

The correct option is D $600$

$\frac{P\times 8\times \left(5/2\right)}{100}=96$

$⟹P\times \frac{16}{100}=96⟹P=600$