A) Rs. 500
B) Rs. 600
Correct Answer: B
Solution :
\[r=\frac{100}{10}=10%\] Principal + SI for 2 years = Rs. 720 ? (i) Principal + SI for 7 years = Rs. 1020 ? (ii) Subtracting equation (1) from (ii) we get, SI for 5 years = Rs. (1020 - 720) = Rs. 300 \[\therefore \]SI for 2 years \[=Rs.\,\,300\times \frac{2}{5}=Rs.\,\,120\] \[\therefore \]Principal \[=Rs.\,\,720-Rs.\,\,120=Rs.\,\,600\]You need to login to perform this action.
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