Question 14 Marks
Mr. Shah has two choices of investing his money. If he invests in a bank, he gets 8% simple interest. If he invests in his friend's company ADG, he gets 12% simple interest. Mr. Shah has ₹ 5,00,000 to invest.
Q.1. If Mr. Shah invests all the money with the bank, the interest received by him after 2 years will be:
(a) ₹ 50,000$\quad$$\quad$ (b) ₹ 60,000$\quad$$\quad$ (c) ₹ 75,000$\quad$$\quad$ (d) ₹ 80,000
Q.2. What sum invested in ADG company will amount to 4,80,000 in 5 years?
(a) ₹ 3,00,000 $\quad$$\quad$(b) ₹ 3,50,000 $\quad$$\quad$(c) ₹ 4,00,000 $\quad$$\quad$(d) ₹ 4,20,000
Q.3. In what time will the money invested with the bank double itself?
(a) $7 \frac{1}{2}$ years$\quad$$\quad$ (b) 9 years $\quad$$\quad$(c) $12 \frac{1}{2}$ years$\quad$$\quad$ (d) $11 \frac{3}{4}$ years
Q.4. If Mr. Shah wishes to invest partly in the bank and partly in ADG company such that after 2 years he receives the same interest from both, then find the sum that he would invest in the bank.
(a) ₹ 2,00,000 $\quad$$\quad$(b) ₹ 2,50,000$\quad$$\quad$ (c) ₹ 3,00,000$\quad$$\quad$ (d) ₹ 3,50,000
Q.1. If Mr. Shah invests all the money with the bank, the interest received by him after 2 years will be:
(a) ₹ 50,000$\quad$$\quad$ (b) ₹ 60,000$\quad$$\quad$ (c) ₹ 75,000$\quad$$\quad$ (d) ₹ 80,000
Q.2. What sum invested in ADG company will amount to 4,80,000 in 5 years?
(a) ₹ 3,00,000 $\quad$$\quad$(b) ₹ 3,50,000 $\quad$$\quad$(c) ₹ 4,00,000 $\quad$$\quad$(d) ₹ 4,20,000
Q.3. In what time will the money invested with the bank double itself?
(a) $7 \frac{1}{2}$ years$\quad$$\quad$ (b) 9 years $\quad$$\quad$(c) $12 \frac{1}{2}$ years$\quad$$\quad$ (d) $11 \frac{3}{4}$ years
Q.4. If Mr. Shah wishes to invest partly in the bank and partly in ADG company such that after 2 years he receives the same interest from both, then find the sum that he would invest in the bank.
(a) ₹ 2,00,000 $\quad$$\quad$(b) ₹ 2,50,000$\quad$$\quad$ (c) ₹ 3,00,000$\quad$$\quad$ (d) ₹ 3,50,000
Answer
View full question & answer→1. (D)
2. (A)
3. (C)
4. (C)
2. (A)
3. (C)
4. (C)