Question

Determine the value of 'K' if an investment of Rs. 30,000, made under a simple interest scheme at an annual rate of 18%, yields an interest amount of Rs. (2K + 160) over a period of 146 days.

A 1000
B 900
C 840
D 960
E 1250
Practice Next

More Simple and compound interest Questions

Relevant for Exams:

Hey! Ask a query