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A sum of money at simple interest amounts to ₹9200 in 3 years and to ₹9800 in 5 years. Find the sum (in ₹).

Competition practiceSimple & Compound Interest
  • A8600
  • B8400
  • C8000
  • D8300

Step-by-Step Solution

Interest for 2 years = 9800 − 9200 = 600, so per year = 300. Interest for 3 years = 900, hence sum = 9200 − 900 = ₹8300.
Answer: D) 8300

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