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A man invested ₹ for years at the rate of simple interest per annum. What will be two-third of the money (in ₹) that he will get on maturity?

  1. A
    2,820
  2. B
    5,550
  3. C
    6,580
  4. D
    9,870

Solution & Step-by-step Explanation

Given:
* Principal () = ₹
* Time () = years
* Rate () = per annum

First, find the Simple Interest ():


The total maturity amount () is:


We need to find two-third of the maturity amount:

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A man invested ₹ for years at the rate of simple interest per annum. What will be two-third of the money (in ₹) that he will get on maturity?
A
2,820
B
5,550
C
6,580
D
9,870

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