A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 i

Question

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is :________?

Options:

A . Rs. 700

B . Rs. 690

C . Rs. 650

D . Rs. 698

Answer: Option D
SIMPLE INTEREST (SI) FOR 1 YEAR = 854-815 = 39
SIMPLE INTEREST (SI) FOR 3 YEARS = 39 × 3 = 117
PRINCIPAL = 815 – 117 = RS.698

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