Question:

Ramesh invests 1,200 at 5% simple interest. How much additional money must he invest at 8% simple interest so that his total annual income will be equal to 6% of his total investment during this year?

Updated On: Dec 2, 2024
  • 500
  • 600
  • 1200
  • 1500
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The Correct Option is B

Solution and Explanation

The correct option is (B): 600
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