Question

A certain sum when invested for 3 years in a scheme offering simple interest of 12% p.a. gives an interest of Rs. 792. What is 114% of the sum invested?

Q: Answer-A certain sum when invested for 3 years in a scheme offering simple interest of 12% p.a. gives an in...

Let the sum invested Rs. 100Y Then interest earned 100Y 0.12 3 Rs. 36Y Or, 36Y 792 Or, Y 79236 22 So, sum invested Rs. 2200 114 of sum invested 2200 1.14 Rs. 2508

A Rs. 2518

B Rs. 2528

C Rs. 2508

D Rs. 2548

E None of these

Practice Next

A certain sum when invested for 3 years in a scheme offering simple interest of 12% p.a. gives an interest of Rs. 792. What is 114% of the sum invested?

Detailed Solution

More Previous year papers Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login