A sum of money at simple interest amounts to ₹ 815 in 3 years and to ₹ 854 in 4 years. The sum is · ABC26GN4040

Subject: General Aptitude · Chapter: Simple Interest

A sum of money at simple interest amounts to ₹ 815 in 3 years and to ₹ 854 in 4 years. The sum is

(a)₹ 650

(b)₹ 690

(c)₹ 698

(d)₹ 700

Answer

Answer (as printed): C

Explanation

S.I. for 1 year $=₹(854-815)=₹ 39$. S.I. for 3 years $=₹(39 \times 3)=₹ 117$. ∴ Principal $=₹(815-117)=₹ 698$.

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Simple Interest