1.

If the annual rate of simple interest increases from 10% to 12 1/2 %, a man's yearly income increases by Rs. 1250. His principal in Rs. is?

Answer»

50000



Let the sum be RS. X. Then,

(x * 25/2 * 1/100) - (x * 10 * 1)/100 = 1250

25x - 20x = 250000

x = 50000



Discussion

No Comment Found

Related InterviewSolutions