Mathematics · Simple Interest
A sum of ₹2,400 doubles in 8 years under simple interest. Another sum Q is invested at the same rate. If the interest earned on Q for 5 years exceeds the interest earned on ₹2,400 for 3 years by ₹300, what is the value of Q?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹1,920✓
- 2₹2,160
- 3₹1,800
- 4₹2,000
Correct answer
₹1,920
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