NIFT UG 2009 Question Paper with solutions

Question : 149 of 150

Marks: +1, -0

Anil invested an amount for three years at a simple interest of 9 p.c.p.a. He got an amount of Rs. 19,050/- at the end of three years. What principal amount did he invest?

Rs. 14,500/-
Rs. 11,050/-
Rs. 15,000/-
Rs. 10,950/-

Validate

Solution:

Let, principal be Rs. x; then,

x+{x×9×3}/{100}=19,050

⇒{127x}/{100}=19,050

⇒x={19,050×100}/{127}=15,000

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