A some of money lent out at simple interest amount to Rs. 720 after 2 years and

Question

A some of money lent out at simple interest amount to Rs. 720 after 2 years and Rs. 1020 after a further period of 5 years. Find the principal ?

Options:

A . Rs. 6000

B . Rs. 600

C . Rs. 1740

D . Rs. 120

Answer: Option B

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