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      Question

      Rs. (n + 300) invested on simple interest amounts to Rs.

      3,000 and Rs. 3,600 in 4 years and 6 years, respectively. Find the value of 'n'.
      A 1000 Correct Answer Incorrect Answer
      B 1500 Correct Answer Incorrect Answer
      C 1350 Correct Answer Incorrect Answer
      D 1150 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      ATQ, Interest earned in 2 years = 3,600 - 3,000 = Rs. 600
      Interest earned in 1 year = 600 ├╖ 2 = Rs. 300
      Interest earned in 4 years = 300 ├Ч 4 = Rs. 1,200
      So, n + 300 = 3,000 - 1,200
      Or, n + 300 = 1,800
      Or, n = 1,500

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