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At 12% simple interest per annum a sum of money becomes Rs. 295 in  What was the sum invested?
  • a)
    Rs. 240
  • b)
    Rs. 260
  • c)
    Rs. 275
  • d)
    Rs. 250
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
At 12% simple interest per annum a sum of money becomes Rs. 295 inWhat...
Let the sum be Rs. x.
Rate of interest = 12%
Time = 1.5 years
⇒ x × 1.5 × 12/100 = 295 – x
⇒ 1.18x = 295
⇒ x = 250
∴ The sum of money invested = Rs. 250
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At 12% simple interest per annum a sum of money becomes Rs. 295 inWhat was the sum invested?a)Rs. 240b)Rs. 260c)Rs. 275d)Rs. 250Correct answer is option 'D'. Can you explain this answer?
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