A sum of money at simple interest amounts to ₹1,200 in 3 years and to ₹1,350 in 4 years. The sum is:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. ₹750.
SI for 1 year = 1350 - 1200 = ₹150
SI for 3 years = 3 × 150 = ₹450
Sum = 1200 - 450 = ₹750