📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Ajay invested Rs.a in SI at 7% rate of interest per

    annum for 12 years. Vishal invested the same amount in SI at 5% rate of interest per annum for 8 years and the difference between the interest obtained by Ajay and Vishal is Rs.2200. Find the amount invested by Vishal.
    A 5000 Correct Answer Incorrect Answer
    B 2000 Correct Answer Incorrect Answer
    C 7000 Correct Answer Incorrect Answer
    D 3000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to question, => (a × 7 × 12)/100 – (a × 5 × 8)/100 = 2200 => 84a/100 – 40a/100 = 2200 => 44a/100 = 2200 => a = Rs.5000

    Practice Next
    More Simple and compound interest Questions
    ask-question