New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    A certain sum of money becomes Rs. 2000 in 1 year and

    3110 in 3 years at certain rate of simple interest. Find the sum of money invested.
    A Rs. 1440 Correct Answer Incorrect Answer
    B Rs. 1425 Correct Answer Incorrect Answer
    C Rs. 1445 Correct Answer Incorrect Answer
    D Rs. 1455 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Interest earned in 2 years = 3110 – 2000 = Rs. 1110 So the interest earned in 1 year = 1110/2 = Rs. 555 So, the sum of money invested = 2000 – 555 = Rs. 1445

    Practice Next