Question

    A man invests 'x'% of his monthly salary of Rs. 48,000

    at an interest rate of 12.5% simple interest. After 4 years, the interest earned amounts to Rs. 10,800. Determine the value of 'x'.
    A 40% Correct Answer Incorrect Answer
    B 35% Correct Answer Incorrect Answer
    C 45% Correct Answer Incorrect Answer
    D 50% Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to question, {(x% of 48000) × 12.5 × 4}/100 = 10800 (480x × 50)/100 = 10800 240x = 10800 x = 45 So, the value of ‘x’ = 45%

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