Question

    Vinita obtained an amount of ₹23,340 as simple

    interest on a certain amount at 15% per annum after 8 years. What was the amount invested by Vinita?
    A ₹20,450 Correct Answer Incorrect Answer
    B ₹18,650 Correct Answer Incorrect Answer
    C ₹17,490 Correct Answer Incorrect Answer
    D ₹19,450 Correct Answer Incorrect Answer

    Solution

    SI =23340 Rate =15% Time =8 years. Let the Principal Amount =100 ATQ- 15×8 =23340 120=23340 1=1945 100=19450.

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