Multiple choice

Seema lent a certain sum of money at 12%; and in 7 years, the interest amounted to Rs. 800 less than the sum lent. What was the sum lent?

  1. Rs. 5200

  2. Rs. 4500

  3. Rs. 5000

  4. Rs. 6000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let sum be P. Interest = P * 0.12 * 7 = 0.84P. Given 0.84P = P - 800. 0.16P = 800. P = 800 / 0.16 = 5000.

AI explanation

Let the sum lent be P, so the simple interest formula gives Interest as P times 12 times 7 divided by 100, which simplifies to 0.84P. The problem states that this interest is Rs. 800 less than the sum, creating the equation 0.84P equals P minus 800. Rearranging this gives 0.16P equals 800. Solving for P by dividing 800 by 0.16 yields 5000.

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