A sum of money at simple interest amounts to Rs. 3588 in 3 years and to Rs. 3744 in 4 years. The sum

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28 Sep 2020 Simple Interest

A sum of money at simple interest amounts to Rs. 3588 in 3 years and to Rs. 3744 in 4 years. The sum is:

OPtion

1) 3000
2) 3175
3) 3170
4) 3450
5) 3600
6) 3110
7) 3360
8) 3120
9) 3550
10) None of these

Solution

S.I. for 1 year = Rs. (624 - 468) = Rs. 156.

S.I. for 3 years = Rs.(156 x 3) = Rs. 468.

Principal = Rs. (3588 - 468) = Rs. 3120

Correct Option: 8 Best Solution (0)