Q.If a principal amount becomes 560 rupees in 3 years and 600 rupees in 5 years, then what is the principal amount? (a) ₹ 400 (b) ₹ 500 (c) ₹ 480 (d) ₹ 540
Answer: B
(5-3) years or 2 years' interest amount = (600-560) rupees = 40 rupees
\(\therefore \) 1 year's interest amount = \(\cfrac{40}{2}=20\) rupees
\(\therefore\) 3 years' interest amount = 20\(\times\)3 rupees

= 60 rupees

\(\therefore\) Principal amount = (560-60) rupees

= 500 rupees

Similar Questions