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

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