1.

According to the new plan rolled out by Axis bank, the rate of simple interest on a sum of money is x% per annum for the first 4 years, y% per annum for the next 8 years and 10% per annum for the beyond the first 12 years. Ram invests some amount of money then the simple interest received by Ram at the end of 25 years is Rs. 29800. Other person, Mohan’s investments sum is same as the Ram’s investments then the simple interest revived by Mohan at the end of 32 years is Rs. 36800. If Ram invests only for 3 years then the total SI received by his is Rs. 3600 and Mohan invest only for 5 years then the total SI received by him is Rs. 6300.[S.2 Q.2] If Sanju invests some amount of money on the new plan rolled out by Axis bank then at the end of 50 years, he receives the total amount of Rs.14904 then find how much money had he invested in starting?

A. Rs. 2350
B. Rs. 2250
C. Rs. 2300
D. Rs. 2400
E. None of these
Answer» D. Rs. 2400


Discussion

No Comment Found

Related MCQs