A man promises to his wife a birthday present, given her each year a number of rupees equal to the number of years in her age. If her birthday falls on August 8, what sum must be placed at simple interest at 7% on January 1 before she is 63 (non leap year) in order to raise the required sum ?

A man promises to his wife a birthday present, given her each year a n

1.	A man promises to his wife a birthday present, given her each year a number of rupees equal to the number of years in her age. If her birthday falls on August 8, what sum must be placed at simple interest at 7% on January 1 before she is 63 (non leap year) in order to raise the required sum ?
A.	1600
B.	1550
C.	1500
D.	1450
Answer» D. 1450

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A man promises to his wife a birthday present, given her each year a number of rupees equal to the number of years in her age. If her birthday falls on August 8, what sum must be placed at simple interest at 7% on January 1 before she is 63 (non leap year) in order to raise the required sum ?

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