If a certain sum of money amounts to Rs 1760 in two years and Rs 2000 in 5 years at simple interest ...........

Quantitative Aptitude ( CCS) Simple Interest

Download Solution PDF

If a certain sum of money amounts to Rs. 1760 in two years and Rs. 2000 in 5 years at simple interest, then the sum is

Rs. 1960

Rs. 1590

Rs. 1600

None of these

छोटे Courses बड़े Results

Master Simple Interest

Prepare through Micro-courses

Try Now

Explanation:

A sum of money amounts to Rs. 1760 in two years and Rs. 2000 in 5 years.
The difference between 2000 - 1760 = 240
Hence the interest for 3 years is 240.
Simple interest for 1 year is 240 / 3 = 80
Hence the interest for two years is 160.
Total amount for 2 years is 1760.
Hence principal is 1760 - 160 = 1600

Hence, option 3 is the correct answer.