A sum of money at simple interest amounts to Rs. 11516 in 5 years and to Rs. 14203 in 10 years. The

M4maths Previous Puzzles

15 May 2018 Simple Interest

A sum of money at simple interest amounts to Rs. 11516 in 5 years and to Rs. 14203 in 10 years. The sum is:

OPtion

1) 8809
2) 8839
3) 8029
4) 8819
5) 8329
6) 8689
7) 8929
8) 8829
9) 6889
10) None of these

Solution

S.I. for 5 years = Rs. (11982-9037) = Rs. 2687
S.I. for 1 year = Rs. 2687/5

S.I. for 5 years = Rs. 2687
Principal = Rs. (11516 - 2687) = Rs. 8829

Correct Option: 8 Best Solution (0)