Question:
If the rate of annual simple interest is \(11\frac{1}{2}\%\) , then how much money need to be deposited 2 to have ₹ 8,906 in total after 4 years?
If the rate of annual simple interest is \(11\frac{1}{2}\%\) , then how much money need to be deposited 2 to have ₹ 8,906 in total after 4 years?
Updated On: Aug 1, 2024
- ₹ 2,806
- ₹ 3,000
- ₹ 6,000
- ₹ 6,100
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The Correct Option is D
Solution and Explanation
The correct option is (D): ₹ 6,100
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