Question

29
5
A sum of money becomes Rs. 2,000 in 2 years and Rs. 2,250 in 4 years at the
same rate of simple interest. Find the sum of money.​

Answer 1

Answer:

Interest in 2 years = Rs. 2,250 - Rs. 2,000

= Rs. 250

Simple Interest in 2 years = Principle + Interest

= Rs. 2000 = Principle + Rs. 250

= Principle = Rs. 2000 - Rs. 250

= Principle = Rs. 1750

So, the Sum of money is Rs. 1,750.

HOPE IT HELPS!