Question 14 Marks
Mr Tiwari has two choices of investing his money. If he invests in a bank, he gets 10% simple interest. If he invests in his friend's company SIB, he gets 15% simple interest.
Q.1. If Mr Tiwari invests ₹6,00,000 with the bank, the interest that he receives after 2 years will be
(a) ₹1,10,000$\quad$(b) ₹1,20,000$\quad$(c)₹ 60,000$\quad$(d) ₹₹80,000
Q.2. What sum invested in SIB company will amount to 6,65,000 in 6 years?
(a) ₹3,50,000$\quad$(b)₹4,00,000$\quad$(c)₹4,25,000$\quad$(d)₹4,50,000
Q.3. How long will it take the money invested in SIB company to become four times of itself?
(a) 12 years(b) 15 years(c) 20 years(d) 24 years
Q.4. Mr Tiwari wishes to invest ₹6,00,000 partly in the bank and partly in SIB company such that after 2 years, he receives the same interest from both. Find the sum that he should invest in the bank.
(a) ₹3,00,000$\quad$(b) ₹3,30,000$\quad$(c) ₹3,60,000$\quad$(d) ₹2,40,000
Q.1. If Mr Tiwari invests ₹6,00,000 with the bank, the interest that he receives after 2 years will be
(a) ₹1,10,000$\quad$(b) ₹1,20,000$\quad$(c)₹ 60,000$\quad$(d) ₹₹80,000
Q.2. What sum invested in SIB company will amount to 6,65,000 in 6 years?
(a) ₹3,50,000$\quad$(b)₹4,00,000$\quad$(c)₹4,25,000$\quad$(d)₹4,50,000
Q.3. How long will it take the money invested in SIB company to become four times of itself?
(a) 12 years(b) 15 years(c) 20 years(d) 24 years
Q.4. Mr Tiwari wishes to invest ₹6,00,000 partly in the bank and partly in SIB company such that after 2 years, he receives the same interest from both. Find the sum that he should invest in the bank.
(a) ₹3,00,000$\quad$(b) ₹3,30,000$\quad$(c) ₹3,60,000$\quad$(d) ₹2,40,000
Answer
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