📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    ⚡ BIG BEE DAYS Are Live - Spin the Wheel to Get BIGGEST DISCOUNT of the Year -⚡

    Question

    The simple interest received on a certain sum is Rs. 450

    less than the sum invested. If the sum was invested at 10% p.a. for 5 years, then find the simple interest received.
    A Rs. 450 Correct Answer Incorrect Answer
    B Rs. 400 Correct Answer Incorrect Answer
    C Rs. 550 Correct Answer Incorrect Answer
    D Rs. 750 Correct Answer Incorrect Answer

    Solution

    Let the sum invested be Rs. x Therefore, simple interest received = Rs. (x – 450) According to the question, {(x × 10 × 5)/100} = x – 450 => 0.5x = x – 450 => 0.5x = 450 => x = 450/0.5 = 900 Therefore, simple interest received = x – 450 = 900 – 450 = Rs. 450

    Practice Next
    More Simple and compound interest Questions

    Relevant for Exams:

    ask-question