Question
A certain sum of money becomes Rs. 2000 in 1 year and
3110 in 3 years at certain rate of simple interest. Find the sum of money invested.Solution
Interest earned in 2 years = 3110 – 2000 = Rs. 1110 So the interest earned in 1 year = 1110/2 = Rs. 555 So, the sum of money invested = 2000 – 555 = Rs. 1445
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