A sum of money given at simple interest amounts to Rs.1240 in 4 years and Rs. 1360 in 6 years, then the sum of money is
A. Rs. 1050
B. Rs.1100
C. Rs.1160
D. Rs.1000
Answer: Option D
Solution(By Examveda Team)
Interest in 2 years = 1360 -1240 = Rs 120Interest in 4 years = 120 x 2 = Rs. 240
So sum of money given= 1240 - 240 = Rs 1000
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