Question
The amount of 6800 rupees is given at an annual rate of
8% on ordinary interest. If after 5 years the amount was withdrawn and half of the total amount was invested in the stock market. So tell the remaining amount? (In rupees)Solution
P = Rs. 6800, r = 8% and t = 5 years. As we know, SI = (Prt/100) SI = (6800 × 8 × 5)/100 SI = Rs. 2720 Total amount = 6800 + 2720 = 9520 Remaining amount = 9520/2 = 4760
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