Q&A - Ask Doubts and Get Answers
Q

A sum of money invested at simple interest amounts to Rs 2480 at the end of four years and Rs.4080 at the end of eight years. Find the principal.

A sum of money invested at simple interest amounts to Rs 2480 at the end of four years and Rs.4080 at the end of eight years. Find the principal.

  • Option 1)

    Rs.2040

  • Option 2)

    Rs.1600

  • Option 3)

    Rs.1240

  • Option 4)

    Rs.880

  • Option 5)

    Rs. 1480

Answers (1)
Views

Amount after 4 years = Rs 2480

Amount after 8 years = Rs 4080

Difference = 1600

Because interest is S.I , so it is equal for every year

P = A – I

2480 – 1600 = 880

Exams
Articles
Questions