A sum at the same simple interest becomes amount to Rs. 457 in 5 years and Rs. 574 in 10 years. Find the value of the sum (in Rupees).
1. 340
2. 420
3. 500
4. 280
A sum at the same simple interest becomes amount to Rs. 457 in 5 years and Rs. 574 in 10 years. Find the value of the sum (in Rupees).
1. 340
2. 420
3. 500
4. 280
1. 340
2. 420
3. 500
4. 280
Correct Answer – Option 1 : 340
Given:
The sum at the same simple interest becomes amount to Rs 457 in 5 years and Rs 574 in 10 years.
Concept Used:
Sum = Amount – Interest
Calculation:
The amount after 5 years is Rs. 457 and sum after 10 years is Rs. 574
The simple interest in 5 years is (574 – 457) = 117
Sum = 457 – 117
⇒ 340
∴ The value of the sum is Rs. 340.