Question

    A certain sum of money becomes Rs. 1300 in 1 year and

    2700 in 3 years at certain rate of simple interest. Find the sum of money invested.
    A Rs. 650 Correct Answer Incorrect Answer
    B Rs. 660 Correct Answer Incorrect Answer
    C Rs. 600 Correct Answer Incorrect Answer
    D Rs. 670 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Interest earned in 2 years = 2700 – 1300 = Rs. 1400 So the interest earned in 1 year = 1400/2 = Rs. 700 So, the sum of money invested = 1300 – 700 = Rs. 600

    Practice Next