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Question : At a simple interest rate per annum, a certain sum amounts to Rs. 5,182 in 2 years and Rs. 5,832 in 3 years. The principal in rupees is:

Option 1: 2882

Option 2: 5000

Option 3: 3882

Option 4: 4000


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: 3882


Solution : Given:
A certain sum amounts to Rs. 5,182 in 2 years and Rs.5,832 in 3 years.
Simple interest for 1 year = 5832 – 5182 = Rs.650
Simple interest for 2 years = 650 × 2 = Rs.1,300
Principal = Rs. (5182 – 1300)
⇒ Principal = Rs. 3,882
Hence, the correct answer is Rs. 3,882.

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