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    Question

    In 2017, Sunny invested Rs 3500 at S.I and rest at C.I.

    If the total amount received after respective time is Rs 8960, then find the time for which the sum was invested at C.I.
    A 2 years Correct Answer Incorrect Answer
    B 3 years Correct Answer Incorrect Answer
    C 5 years Correct Answer Incorrect Answer
    D 1 (1/2) years Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    3500 + 3500 × 6 × 5/ 100 + 4000 × [1 + 5/100] n = 8960 4000 × [21/20] n = 4410 n = 2 years

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