A certain principal amount, invested at simple interest, grows to Tk. 815 after 3 years and Tk. 854 after 4 years. What is the original principal amount?

A

Tk. 658

B

Tk. 612

C

Tk. 698

D

Tk. 710

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Question: A certain principal amount, invested at simple interest, grows to Tk. 815 after 3 years and Tk. 854 after 4 years. What is the original principal amount?

Solution:
Given,
Amount after 3 years = Tk. 815
Amount after 4 years = Tk. 854
Interest for 1 year = 854 - 815 = Tk. 39
Interest for 3 years = 39 × 3 = Tk. 117
Principal = 815 - 117 = Tk. 698

 

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Updated: 8 hours ago

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