A sum of money at simple interest amount to 1860 in 2 years and to 1930 in 3 years . what is the sum.
Share
A sum of money at simple interest amount to 1860 in 2 years and to 1930 in 3 years . what is the sum.
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
Hope it helps, so here you go:-
Explanation:
S.I. for 1 year = ₹ (1930 - 1860) = ₹ 70.
( Since the amount is given at the 2 years and 3 years )
S.I. for 2 years = ₹ (70 × 2) = ₹ 140
(Since simple interest is same for every year )
Principal = Amount - Interest
= ₹ 1860 - ₹ 140
= ₹ 1720