Q178
If the amount obtained by A by investing Rs. 9,100 for three years at a rate of 10% p.a. on simple interest is equal to the amount obtained by B by investing a certain sum of money for five year at a rate of 8% p.a. on simple interest, then 90% of the sum invested by B (in Rs.) is:
A.
7,800
B.
8,450
C.
8,540
D.
7,605
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Amount obtained by A is equal to amount obtained by BAmount = Principal + Simple Interest
90% of invested amount by B