SSC CPO SI and ASI Model Paper 3

Question : 143 of 200

Marks: +1, -0

A sum of money lent out at simple interest amounts to ₹ 720 after 2 years and to ₹ 1,020 after a further period of 5 years. The sum is

Solution:

(2) S.I. for 5 years = 1,020 -720 =₹ 300
S.I. for 1 year

=300/5 = ₹ 60

S.I. for 2 years = 60 × 2 = ₹ 120
Sum of money = 720 – 120= ` 600

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