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    The simple interest on a certain sum at 10%  for two per annum years and three years differ by Rs. 500. Find the sum.
    Question

    The simple interest on a certain sum at 10%  for two per annum years and three years differ by Rs. 500. Find the sum.

    A.

    Rs. 5,500

    B.

    Rs. 5,000

    C.

    Rs. 6,000

    D.

    Rs. 4,500

    Correct option is B

    SimpleInterest=P×R×T100500=P×10×1100P=Rs.5000Simple Interest = \frac{P×R×T}{100}\\500= \frac{P×10×1}{100}\\P = Rs. 5000​​

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