alleryA sum amounts to Rs 1500 in 5 years and Rs 1800 in 8 years at simple interest. The principal is
ARs 1100
BRs 1200
CRs 1300
DRs 1000
Answer & Solution
Correct answer: D. Rs 1000
Interest for 3 years (from year 5 to year 8) = 1800 - 1500 = 300. So interest per year = 100. Interest for 5 years = 500. Principal = 1500 - 500 = 1000.
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