Question
Download Solution PDFA sum of money at simple interest amounts to Rs. 7840 in 2 years and to Rs. 8960 in 3 years. Find the sum. (In Rs.)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The amount for 2 years = Rs. 7840
The amount for 3 years = Rs. 8960
Formula used:
Principal = Amount - Simple interest
Calculation:
Simple interest for 1 year = (Amount for 3 years) - ( Amount for 2 years)
= 8960 - 7840
= 1120
Simple interest for 2 years = 1120 × 2
= 2240
Principal = 7840 - 2240
= 5600
∴ The sum is Rs. 5600.
Last updated on Jun 12, 2025
-> OSSC CGL Final Merit List has been released on the official website.
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->Earlier,The OSSC CGL Call Letter had been released for the Document Verification (Advt No.1249/OSSC).
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