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Get Answers to all your Questions
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.1480
Option: 3
Rs.1240
Option: 4
Rs.880
Answers (1)
Amount after 4 years = 2480 Rs.
Amount after 8 years = 4080 Rs.
Difference = 1600
Because interest is S.I , so it is equal for every year
P = A – I
2480 – 1600 = 880
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