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      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

      Solution

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

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