New Click here to Enroll for SIDBI MSME Expert Classes by Experts

    Register

    Question

    Ajay invested Rs.a in SI at 7% rate of interest per

    annum for 9 years. Vishal invested the same amount in SI at 5% rate of interest per annum for 3 years and the difference between the interest obtained by Ajay and Vishal is Rs.2400. 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 × 7 × 9)/100 – (a × 5 × 3)/100 = 2400 => 63a/100 – 15a/100 = 2400 => 48a/100 = 2400 => a = Rs.5000

    Practice Next

    Relevant for Exams: