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    Question

    A certain sum of money becomes Rs. 1922 in 1 year and

    2900 in 3 years at certain rate of simple interest. Find the sum of money invested.
    A Rs. 1423 Correct Answer Incorrect Answer
    B Rs. 1413 Correct Answer Incorrect Answer
    C Rs. 1443 Correct Answer Incorrect Answer
    D Rs. 1433 Correct Answer Incorrect Answer

    Solution

    Interest earned in 2 years = 2900 – 1922 = Rs. 978 So the interest earned in 1 year = 978/2 = Rs. 489 So, the sum of money invested = 1922 – 489 = Rs. 1433

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