Aptitude - Simple Interest - Discussion

Discussion Forum : Simple Interest - General Questions (Q.No. 1)
1.
A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
Rs. 650
Rs. 690
Rs. 698
Rs. 700
Answer: Option
Explanation:

S.I. for 1 year = Rs. (854 - 815) = Rs. 39.

S.I. for 3 years = Rs.(39 x 3) = Rs. 117.

Principal = Rs. (815 - 117) = Rs. 698.

Discussion:
174 comments Page 8 of 18.

Venkatesh kumar said:   1 decade ago
Thanks Gayathti for giving detailed explanation.

Saurabh said:   1 decade ago
Thanks gayathri.

Tejashree said:   1 decade ago
Thanks gayathri

Radhika said:   1 decade ago
Thank you so much Gayathri.... very good explaination

Moksh said:   1 decade ago
@Gayathri.

Thanks a lot dear.

Very useful answer :).

Ismail khan said:   1 decade ago
Amount for three years is 815
so AMOUNT= p + SI
A = p + pin
815= p + 3pi.......... (1)
similerly for 4 years
854 = p +4pi..........(2)
subtracting equation (1) from(2) we get
39 = pi
or
pi =39
put this value of pi in equation (1) we get
815= p+ 3*39
815= p+ 117
815-117=p
p=698

Satish said:   1 decade ago
@Gayahthri explained good .

Sudesna said:   1 decade ago
When we apply the formula SI = PRT/100.

And when we apply the formula Amount = P+SI.

Sumit Singh said:   1 decade ago
815 ------ 854 (This value 39 increase in 1 year ).

So in four year 39*4/156.

This 156 is interest in four year.

So principle is equal to / 854-156 equal to 698.

VarunRaj said:   1 decade ago
If we take for four years.

39*4 = 156.

854-156 = 698 is the answer.

If we take three years.

39*3 = 117.

815-117 = 698 the answer is same !

We can do both the way.


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