Rahul invests Rs.32,000 in a bank, 7 $%$ p.a. simple interest. How much more should he invest at 10 $%$ p.a. to get 8 $%$ return on his total investment?

Rs. 8,000

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Rs. 16,000

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Rs. 24,000

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None of these

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Solution

The correct option is B
Rs. 16,000

B

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Rahul invests Rs.32,000 in a bank, 7% p.a. simple interest. How much more should he invest at 10% p.a. to get 8% return on his total investment?

The correct option is B Rs. 16,000 B

Rahul invests Rs.32,000 in a bank, 7 $%$ p.a. simple interest. How much more should he invest at 10 $%$ p.a. to get 8 $%$ return on his total investment?

The correct option is B
Rs. 16,000

B