Correct Answer - Option 2 : 1040
Given:
The sum of money amounts to Rs. 1250 in 3 years and Rs. 1600 in 8 years.
Concept Used:
Amount = Principal (Sum) + Interest
Calculation:
Interest in (8 - 3) = 5 years is (1600 - 1250) = 350
⇒ Interest in 1 year is 350/5 = Rs. 70
⇒ Interest in 3 years is (3 × 70) = Rs. 210
Required sum = (1250 - 210) = 1040
∴ The sum is Rs. 1040.
