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A sum of money deposited at simple interest amounts to Rs. 1,020 in three years and Rs. 980 in two years. The sum deposited is:
Question

A sum of money deposited at simple interest amounts to Rs. 1,020 in three years and Rs. 980 in two years. The sum deposited is:

A.

Rs. 900

B.

Rs. 880

C.

Rs. 920

D.

Rs. 840

Correct option is A


S.I for 1 year = 1020 – 980 = 40
So,
S.I. for 3 years = 120
Principal = 1020 – 120 = 900

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