Challenger App

No.1 PSC Learning App

★
★
★
★
★
1M+ Downloads
A sum was invested at a certain rate of simple interest per annum for 8 years. Had it been invested at a rate of simple interest per annum that is 8% higher than the rate at which the sum had been actually invested, it would have fetched ₹4,000 more as interest at the end of the 8-year period. What was the sum invested?

A6,925

B6,500

C6,250

D6,750

Answer:

C. 6,250

Read Explanation:

6,250


Related Questions:

The simple interest on a sum of money is equal to the principal and number of years is equal to the rate percent per annum. Find the rate percent.
The simple interest on ₹1,280 at 5% p.a. for 3 years is:
ഒരാൾ 20,000 രൂപ 10% കൂട്ടുപലിശ കണക്കാക്കുന്ന ഒരു ബാങ്കിൽ രണ്ടു വർഷത്തേക്ക് നിക്ഷേപിച്ചു . എന്നാൽ രണ്ടുവർഷം കഴിയുമ്പോൾ അയാൾക്ക് എത്ര രൂപ തിരിച്ചു കിട്ടും ?
Shan has INR 1612 with him. He divided it amongst his sons Piyush and Manoj and asked them to invest it at 8% rate of interest compounded annually. It was seen that Piyush and Manoj got same amount after 12 and 13 years respectively. How much (in INR) did Shan give to Piyush?
Find the simple interest (in ₹) on ₹3000 as a sum borrowed at 4% per year rate of interest for 3 years.