ABC26GN4016 · Simple Interest

Subject: General Aptitude · Chapter: Simple Interest · Exam: 2008 · Marks: · Difficulty:

Veena obtained an amount of ₹ 8376 as simple interest on a certain amount at 8 p.c.p.a. after 6 years. What is the amount invested by Veena?

(a)₹ 16660

(b)₹ 17180

(c)₹ 17450

(d)₹ 18110

(e)None of these

Answer

Answer (as printed): C

Explanation

S.I. $=₹ 8376, R=8 \%, T=6 \mathrm{yrs}$. $$\therefore \quad \text { Sum }=₹\left(\frac{100 \times 8376}{8 \times 6}\right)=₹ 17450 .$$

Explanation as extracted from the printed page; notation may be imperfect.