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Aptitude · Q104

Interest

Competitive Exams · Aptitude · question 104

Q104

Jhon invested a sum of money at an annual simple interest rate of 10%. At the end of four years the amount invested plus interest earned was Rs. 770. The amount invested was = ?

A.
Rs. 650
B.
Rs. 350
C.
Rs. 550
Answer
D.
Rs. 500

Answer: Option C

Solution

Answer: Option C
Solution:
Let the amount invested = Rs. P
According to the question,

Hence, required invested amount = Rs. 550

Alternate