A sum of money is lent at S.I for 8 years. If the same amount is paid at 5% hig

Question

A sum of money is lent at S.I for 8 years. If the same amount is paid at 5% higher, Ramesh would have got Rs. 100 more. Find the Principal?

Answer: Option C
-

Let the Principal be P Rs.

Let the first rate of interest be r

The difference in r is 5

5 x P x N = (Difference in interest) x 100

5 x P x 8 = 100 x 100

p =

100 x 100

= Rs. 250

5 x 8

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