Question
A certain sum of money becomes Rs. 1800 in 1 year and
2500 in 3 years at certain rate of simple interest. Find the sum of money invested.Solution
Interest earned in 2 years = 2500 – 1800 = Rs. 700 So the interest earned in 1 year = 700/2 = Rs. 350 So, the sum of money invested = 1800 – 350 = Rs. 1450
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