A sum of money lent out at simple interest amounts to Rs. 720 after 2 years and to Rs. 1020 after a further period of 5 years. The sum is

500

600

700

710

S.I. for 5 year = Rs.(1020 - 720) = Rs. 300. S.I. for 2 year = Rs.(300/5×2) = Rs. 120. Principal = Rs. (720 - 120) = Rs. 600.

Explain it How it becomes 300/5*2

how it is 300/5

Back To Top