A certain sum, at a certain rate of simple interest, amounts to ₹ in years and ₹ in years. Find the amount (in ₹) of the initial sum (principal).
- A
- B
- C
- D
Solution & Step-by-step Explanation
Let the principal amount be and the simple interest per year be .According to the problem:
Subtracting Equation 1 from Equation 2:
Now substitute the value of back into Equation 1 to find :
Therefore, the initial principal sum is ₹.
Subtracting Equation 1 from Equation 2:
Now substitute the value of back into Equation 1 to find :
Therefore, the initial principal sum is ₹.