Question

The simple interest on a certain sum of money for 4whole 1/2 years at 8% p.a is ₹540 more than the SI on the sum for 5 years at 6% p.a . Find the sum.​

Answer 1

Correct option is

B

8%

P=R×TS.I.×100

P=5×8840×100

P=2100

Required Rate=5×2100840×100

R=8%

Hence,

option (B) is correct answer.