Difficulty: Easy
Correct Answer: Rs 2000
Explanation:
Introduction / Context:Two amounts at different times let us compute the uniform annual SI and hence the principal in a linear SI model.
Given Data / Assumptions:
Concept / Approach:Annual SI = (A5 - A2) / (5 - 2). Then P = A2 - 2 * (annual SI).
Step-by-Step Solution:
Annual SI = (2600 - 2240) / 3 = 360 / 3 = Rs 120P = 2240 - 2 * 120 = 2240 - 240 = Rs 2000Verification / Alternative check:
A5 check: 2000 + 5 * 120 = 2600 (matches)Why Other Options Are Wrong:
Common Pitfalls:
Final Answer:Rs 2000.
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