Simple Interest | Question and Answers more

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

A.     Rs. 650
B.     Rs. 690
C.     Rs. 698
D.     Rs. 700

Answer: C
Solution:

S.I. for 1 year = Rs. (854 – 815) = Rs. 39.
S.I. for 3 years = Rs.(39 x 3) = Rs. 117.
Principal = Rs. (815 – 117) = Rs. 698.

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Complete Solution for Banking Exams in India
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