What sum of money will amount to Rs. 520 in 5 years and to Rs. 568 in 7 years at simple interest?
What sum of money will amount to Rs. 520 in 5 years and to Rs. 568 in 7 years at simple interest?
Answer/Solution
Rs. 400. 00
Steps/Work
Explanation:
SI for 2 years = 568 – 520 = Rs. 48
SI for 5 years = Rs. 120
Principal = 520-120 = Rs. 400
Answer: A
SI for 2 years = 568 – 520 = Rs. 48
SI for 5 years = Rs. 120
Principal = 520-120 = Rs. 400
Answer: A