# A sum lent out a simple interest amounts to ` 6076 in 1 year and ` 750

| A sum lent out a simple interest amounts to ` 6076 in 1 year and ` 7504 in 4 years. The sum and the rate of interest p.A. are respectively :

A. ` 5,400 and 9%

B. ` 5,600 and 9%

C. ` 5,600 and 8.5%

D. ` 5,400 and 10%

### Right Answer is: C

#### SOLUTION

S.I. in 3 years = 7504 – 6076 = 1428

S.I. in 1 years = 1428/3 = 476

Principle

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A sum lent out a simple interest amounts to ` 6076 in 1 year and ` 750