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    Question

    A certain sum of money becomes Rs. 1500 in 1 year and

    2800 in 3 years at certain rate of simple interest. Find the sum of money invested.
    A Rs. 800 Correct Answer Incorrect Answer
    B Rs. 820 Correct Answer Incorrect Answer
    C Rs. 850 Correct Answer Incorrect Answer
    D Rs. 840 Correct Answer Incorrect Answer

    Solution

    Interest earned in 2 years = 2800 – 1500 = Rs. 1300 So the interest earned in 1 year = 1300/2 = Rs. 650 So, the sum of money invested = 1500 – 650 = Rs. 850

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