Question

    A certain sum of money becomes Rs. 1250 in 1 year and

    3556 in 3 years at certain rate of simple interest. Find the sum of money invested.
    A Rs. 100 Correct Answer Incorrect Answer
    B Rs. 150 Correct Answer Incorrect Answer
    C Rs. 97 Correct Answer Incorrect Answer
    D Rs. 120 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Interest earned in 2 years = 3556 – 1250 = Rs. 2306 So the interest earned in 1 year = 2306/2 = Rs. 1153 So, the sum of money invested = 1250 – 1153 = Rs. 97

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