Question 93

A sum of Rs.6800 invested under simple interest at rate of 8% p.a. If the amount after 5 years is been withdrawn and half of the total amount is been invested in Share market.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. 6800

Rate of interest = 8% and time period = 5 years

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

= $$\frac{6800\times8\times5}{100}=Rs.$$ $$2720$$

Thus, total amount after 5 years = $$Rs.$$ $$(6800+2720)=Rs.$$ $$9,520$$

$$\therefore$$ Remaining amount after half of the total amount is been invested in Share market = $$\frac{9520}{2}=Rs.$$ $$4,760$$

=> Ans - (C)

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