1. Under 11% interest rate per interest rate of Rs. 8,000 is invested. The amount is then taken over 5 years and half of it is invested in the stock market. Find the outstanding balance. (In Rupees)
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By: anil on 05 May 2019 01.13 am
Principal sum = Rs. 8,000 Rate of interest = 11% and time period = 5 years Simple interest = $$frac{P imes R imes T}{100}$$ = $$frac{8000 imes11 imes5}{100}=Rs.$$ $$4400$$ Thus, total amount after 5 years = $$Rs.$$ $$(8000+4400)=Rs.$$ $$12,400$$ $$ herefore$$ Remaining amount after half of the total amount is been invested in Stock market = $$frac{12400}{2}=Rs.$$ $$6200$$ => Ans - (B)
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