If a sum of money borrowed at 5 percent/annum SI amounts to Rs.1020 in 4 yrs, then the sum of money borrowed is? Choose one
A) Rs. 850	B) Rs. 980	C) Rs. 990	D) Rs. 1000	E) Rs. 1100
Sol We have, A : Rs.1U2D   Let the pr xnpal be R5 x   Then mterest u — 12 : wzo — x   Therefore, by u xglurmula.   _umxx   ’ Rx’: (   , _ma&gt;&lt; 1nzn—xv   \4Ve|\a\e,Jc— 5“   :&gt; ~(:51DD—S*(or6x:51UU   or, J: : w 350   . The sum of money burrowed : Rs. 850   Rs. 850)
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If a sum of money borrowed at 5 percent/annum SI amounts to Rs.1020 in 4 yrs, then the sum of money borrowed is?