| | Question 28

What amount of money will amount to 750 in 6 years and to 800 in 8 years at simple interest?
(A) Rs 300
(B) Rs 400
(C) Rs 500
(D) Rs 600


Answer: (D)

Explanation:

 Amount             Time
 750                 6
  |                  |+2   
 800                 8

Hence interest in 2 years = Rs 50
Interest in 1 year = 25
Interest in 6 year = 25 x 6 =150
Principal = Amount – SI
= 750 – 150 = Rs 600

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