Multiple choice

Vipin invested a sum of money at an annual simple interest rate of 10%. At the end of four years the amount invested plus interest earned was Rs.7700. The amount invested was विपिन ने एक राशि 10% की साधारण ब्याज की दर से निवेशित की | चार वर्षों के अंत में निवेशित की गयी राशि तथा ब्याज कुल मिलाकर रु.7700 प्राप्त हुए | निवेशित की गयी राशि है |

  1. Rs.6500

  2. Rs.5000

  3. Rs.5500

  4. Rs.3500

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let principal = P. SI for 4 years at 10% = 4 × 0.10 × P = 0.4P. Amount = P + 0.4P = 1.4P = 7700. So P = 7700 ÷ 1.4 = Rs. 5500. Total includes principal plus 4 years of simple interest.