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    Question

    A certain sum of money becomes Rs. 1560 in 1 year and

    3644 in 3 years at certain rate of simple interest. Find the sum of money invested.
    A Rs. 510 Correct Answer Incorrect Answer
    B Rs. 508 Correct Answer Incorrect Answer
    C Rs. 518 Correct Answer Incorrect Answer
    D Rs. 548 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Interest earned in 2 years = 3644 – 1560 = Rs. 2084 So the interest earned in 1 year = 2084/2 = Rs. 1042 So, the sum of money invested = 1560 – 1042 = Rs. 518

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