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?
- A2,820
- B5,550
- C6,580
- D9,870
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:
* 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: