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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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