A sum of money invested at simple interest amounts to ₹1,01,264 in 3 years and to
₹1,01,654 in 4 years. What was the sum invested (in ₹)?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 1,00,094.
Interest for 1 year = 101654 - 101264 = 390
Interest for 3 years = 390 × 3 = 1170
Pricipal = 101264 - 1170 = 1,00,094