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Discussion :: Simple Interest

  1. A sum of money lent out at S.I. amounts to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years. The sum is?
    2. A.
    Rs. 500
    B.
    Rs. 600
    C.
    Rs. 700
    D.
    Rs. 710

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    Answer : Option B

    Explanation :

    S.I for 5 years = (1020 - 720) = Rs. 300.

    S.I. for 2 years = 300/5 * 2 = Rs. 120.

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