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On retirement, a woman gets Rs. 1,45,440 of her provident fund which she invests in a scheme at 20% per annum. Her monthly income from this scheme will be5
Q: On retirement, a woman gets Rs. 1,45,440 of her provident fund which she invests in a scheme at 20% per annum. Her monthly income from this scheme will be
- 1Rs. 2550false
- 2Rs. 2424true
- 3Rs. 2224false
- 4Rs. 2380false
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Answer : 2. "Rs. 2424"
Explanation :
Answer: B) Rs. 2424 Explanation: Now, the principal amount P = Rs. 1,45,440 Rate of interest R = 20%/annum Now monthly income I = PTR/100 = 1,45,440 x 20 x 1/100 x 12 = 2908800/1200 = Rs. 2424. Hence, her monthly income = Rs. 2424.