At simple interest of 5% , 6% and 8% for three consecutive years, the interest earned is TK. 760. Find the principle?
A
Tk. 4000
B
TK. 4600
C
TK. 32oo
D
TK. 3600
Correct Answer: Tk. 4000
Let, Principle = x Interest of 5% x of 5% = x ×5100 = 5x100 = x20Interest of 6%,x of 6% = x×6100 = 3x50Interest of 8% , x of 8% = x ×8100 = 3x50Interest of 8% , x of 8% = x×8100 = 2x25ATQ,x20 + 3x50 + 2x25 = 760⇒5x + 6x + 8x100 = 760⇒19x = 760×100⇒x = 760×10019.'. x = 4000