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At simple interest, a sum of money amounts to ₹9200 in 3 years and ₹10400 in 6 years. Find the principal (in ₹).

Competition practiceSimple & Compound Interest
  • A8000
  • B8800
  • C16000
  • D7200

Step-by-Step Solution

Interest for the 3 years from year 3 to year 6 = 10400 − 9200 = ₹1200, so interest for 3 years = ₹1200. Principal = 9200 − 1200 = ₹8000.
Answer: A) 8000

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