A sum of money at simple interest amounts of Rs. 6,000 in 4 years and to Rs. 6,750 in 7 years at the same rate percent p.a. of interest. The sum (in Rs.) is:
A. 5,100
B. 4,800
C. 4,000
D. 5,000
Answer: Option D
Solution (By Examveda Team)
Simple interest for 3 years = 6750 - 6000 = 750Simple interest for 1 year = 750 ÷ 3 = 250
Simple interest for 4 years = 4 × 250 = 1000
Sum = 6000 - 1000 = 5000
This Question Belongs to Arithmetic Ability >> Interest
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