Question
An amount of Rs 7,600 is invested on ordinary interest
at an annual rate of 8%. If after 5 years the amount was withdrawn and half the amount of the total amount was invested in the stock market. The remaining amount (in rupees)Solution
P = Rs. 7,600, r = 8% and t = 5 years. As we know, SI = (Prt/100) SI = (7600 × 8 × 5)/100 SI= 3040 Rs. Total amount = 7600 + 3040 = Rs. 10640 Remaining amount = 10640/2 = Rs. 5320
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