A sum of money kept in a bank amounts to Rs. 1,240 in 4 years and Rs. 1,600 in 10 years at same rate of simple interest. Find the sum.

A sum of money kept in a bank amounts to Rs. 1,240 in 4 years and Rs.

1.	A sum of money kept in a bank amounts to Rs. 1,240 in 4 years and Rs. 1,600 in 10 years at same rate of simple interest. Find the sum.
A.	Rs. 1,000
B.	Rs. 800
C.	Rs. 1,950
D.	Rs. 1,100
Answer» B. Rs. 800

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A sum of money kept in a bank amounts to Rs. 1,240 in 4 years and Rs. 1,600 in 10 years at same rate of simple interest. Find the sum.

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