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 If after 5 years the amount is withdrawn and half the amount of the total amount is invested in the market.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)
    A 3820 Correct Answer Incorrect Answer
    B 3920 Correct Answer Incorrect Answer
    C 3720 Correct Answer Incorrect Answer
    D 3620 Correct Answer Incorrect Answer

    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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