Question 100

A sum of Rs.7,800 invested under simple interest at rate of 11% p.a. If the amount after 5 years is been withdrawn and half of the total amount is been invested in Share market. Find the remaining amount. (in RS)

Solution

Principal sum = Rs. 7800

Rate of interest = 11% and time period = 5 years

Simple interest = $$\frac{P\times R\times T}{100}$$

= $$\frac{7800\times11\times5}{100}=Rs.$$ $$4290$$

Thus, total amount after 5 years = $$Rs.$$ $$(7800+4290)=Rs.$$ $$12,090$$

$$\therefore$$ Remaining amount after half of the total amount is been invested in Share market = $$\frac{12090}{2}=Rs.$$ $$6045$$

=> Ans - (B)

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