Question 99

A sum of Rs.4400 invested under simple interest at the rate of 8% p.a. If the amount after 5 years is withdrawn and half of the total amount is invested in Share market. Find the remaining amount.(in Rs.)

Solution

Principal sum = Rs. 4400

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

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

= $$\frac{4400\times8\times5}{100}=Rs.$$ $$1760$$

Thus, total amount after 5 years = $$Rs.$$ $$(4400+1760)=Rs.$$ $$6160$$

$$\therefore$$ Remaining amount after half of the total amount is been invested in Share market = $$\frac{6160}{2}=Rs.$$ $$3080$$

=> Ans - (A)

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