BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A person invests Rs. 3000 in a bank which offers 9% S.I. After how many years will his balance of amount will be Rs. 3135?
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6 months
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2 months
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8 months
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5 months
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Explanation:
Detailed explanation-1: -3000 in a bank which offers 9% S.I. After howmany years will his balance of amount will be Rs. 3135? Ans:6 months9.
Detailed explanation-2: -3, 000 take to amount to Rs. 3, 300 at 4% simple interest ?[Ans. 6. 2.5 years] monthr again be.
Detailed explanation-3: -Rate=8% p.a. Solution: The required sum is Rs. 1100.
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