Question

Find the sum invested so as to make a profit of Rs.560 at 5% simple interest in 2 years?

• A. Rs.5600
• B. Rs.56
• C. Rs.5600.50
• D. Rs.560

Answer 1

The correct option is A

Rs.5600

$\frac{P\times R\times T}{100}=560\Rightarrow \frac{P\times 5\times 2}{100}=560$

$P=5600$