A sum of money at simple interest amounts ti $2240 in 2 years and to $ 2600 in 5 years. What is the principal amount?
Select the correct option
A) $1520  B) $1880  C) $2120  D) $2000  E) $1980
S.I for 3 years = $ (2600-2240)= 
<gadget id="calculator">(2600-2240)</gadget>
<output>360</output>
$ 360   S.I for 2 years= $ ((360/3) x 2) = $ 240   Principal =$ (2240-240)= 
<gadget id="calculator">(2240-240)</gadget>
<output>2_000</output>
$ 2000   Answer is $2000
<result>D</result>
A sum of money at simple interest amounts ti $2240 in 2 years and to $ 2600 in 5 years. What is the principal amount?