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UP TGT Mathematics Commercial mathematics Test Series - Part 2

A sum of money amounts to Rs. 2,240 in 2 years and to Rs. 2,600 in 5 years at simple interest. Find the principal sum.

Type: MCQ • Marks: 1
A sum of money amounts to Rs. 2,240 in 2 years and to Rs. 2,600 in 5 years at simple interest. Find the principal sum.
Options
A. 1) Rs. 2,100
B. 2) Rs. 2,000
C. 3) Rs. 1,800
D. 4) Rs. 2,150
Explanation
Interest for 3 years = 2600 - 2240 = Rs. 360. Interest for 1 year = 120. Interest for 2 years = 120 * 2 = Rs. 240. Principal = 2240 - 240 = Rs. 2,000.
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