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A sum of money amounts to ₹10800 in 4 years and ₹12000 in 6 years at simple interest. Find the sum (in ₹).

Competition practiceSimple & Compound Interest
  • A7800
  • B9600
  • C8000
  • D8400

Step-by-Step Solution

Interest for 2 years = 12000 - 10800 = 1200, so yearly interest = 600. Interest for 4 years = 2400, so principal = 10800 - 2400 = 8400.
Answer: D) 8400

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