📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Ajay invested Rs.a in SI at 6% rate of interest per

      annum for 9 years. Vishal invested the same amount in SI at 5% rate of interest per annum for 6 years and the difference between the interest obtained by Ajay and Vishal is Rs.1200. Find the amount invested by Vishal.
      A 5000 Correct Answer Incorrect Answer
      B 2000 Correct Answer Incorrect Answer
      C 7000 Correct Answer Incorrect Answer
      D 3000 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      According to question, => (a × 6 × 9)/100 – (a × 5 × 6)/100 = 1200 => 54a/100 – 30a/100 = 1200 => 24a/100 = 1200 => a = Rs.5000

      Practice Next
      More Simple and compound interest Questions

      Relevant for Exams:

      ask-question