Q198
If the annual rate of simple interest increase from 11% to 171/2\% , then a person's yearly income increase by Rs. 1,071.20. The simple interest (in Rs.) on the same sum at 10% for 5 year is:
If the annual rate of simple interest increase from 11% to then a person's yearly income increase by Rs. 1,071.20. The simple interest (in Rs.) on the same sum at 10% for 5 year is:
A.
16,480
B.
9,120
C.
7,250
D.
8,240
AnswerAnswer: Option D
Solution
Answer: Option D
Solution: