A certain sum, at a certain rate of simple interest, amounts to ₹2,225 in 4 years and to ₹2,606 in 8 years. Find the sum (in ₹).
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 1,844.
Interest for 4 years (I) = 2606 - 2225 = 381
Principal (P) = 2225 - 381 = 1844