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The rate of interest on a certain sum of money at 10% for 5 years and 6 years is differing by Rs. 75. The sum is1. Rs. 4502. Rs. 7503. Rs. 6504. Rs. 550 |
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Answer» Correct Answer - Option 2 : Rs. 750 Given: The rate of interest on certain sum of money at 10% for 5 years and 6 years is differing by Rs. 75 Formula used: Simple interest = (P × R × T)/100 Amount = Principal + Interest Calculation: Interest for one year is Rs. 75 and we know that the simple interest is calculated on initial sum for each year 75 = (P × 10 × 1)/100 ⇒ P = Rs. 750 ∴ The sum is Rs. 750. |
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