Question
The amount of 5600 rupees was invested on simple
interest at the rate of 8% per annum. If after 5 years the amount is withdrawn and half the amount of the total amount is invested in the market. Find out the balance. (In rupees)Solution
P = Rs. 5,600, r = 8% and t = 5 years. As we know, SI = (Prt/100) SI = (5600 × 8 × 5)/100 SI = Rs. 2240 Total amount = 5600 + 2240 = Rs. 7840 Remaining amount = 7840/2 = Rs. 3920
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