Question

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

    2500 in 3 years at certain rate of simple interest. Find the sum of money invested.
    A Rs. 600 Correct Answer Incorrect Answer
    B Rs. 605 Correct Answer Incorrect Answer
    C Rs. 525 Correct Answer Incorrect Answer
    D Rs. 625 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Interest earned in 2 years = 2500 – 1250 = Rs. 1250 So the interest earned in 1 year = 1250/2 = Rs. 625 So, the sum of money invested = 1250 – 625 = Rs. 625

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