Question

A sum of money grows to Rs. 3,640 in 6 years and Rs.

ATQ, Difference in interest over 2 years 4,120 3,640 480 Annual interest 480 2 240 Principal 3,640 4 240 2,680

4,120 in 8 years under simple interest. What is the original principal amount?

A 2680

B 1250

C 1650

D 1120

Practice Next

More Simple and compound interest Questions

Solution