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If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is ?

Correct Answer: Rs. 480

Explanation:

Let the sum be Rs. P. Then,


 


P 1 + 25 2 x 100 2 - P = 510


 


P[ 9 8 2 - 1] = 510.


 


Sum = Rs. 1920


 


So, S.I. = (1920 x 25 x 2) / (2 x 100) = Rs. 480


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