Question
Download Solution PDFRs 5200 is invested at 8% per annum simple interest. If the sum is withdrawn after 5 years and half the amount is invested in the stock market, then what will be the remaining amount (in Rs)?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Principal (P) = Rs 5200
Rate of Interest (R) = 8% per annum
Time (T) = 5 years
Formula Used:
Simple Interest (SI) = (P × R × T) / 100
Calculation:
Simple Interest (SI) = (5200 × 8 × 5) / 100
⇒ SI = 2080
Total Amount after 5 years = Principal + Simple Interest
Total Amount = 5200 + 2080
⇒ Total Amount = 7280
Half of the amount is invested in the stock market.
Amount invested in stock market = 7280 / 2
⇒ Amount invested in stock market = 3640
Remaining Amount = Total Amount - Amount invested in stock market
⇒ Remaining Amount = 7280 - 3640
⇒ Remaining Amount = 3640
The remaining amount is Rs 3640.
Last updated on Jun 7, 2025
-> RPF SI Physical Test Admit Card 2025 has been released on the official website. The PMT and PST is scheduled from 22nd June 2025 to 2nd July 2025.
-> This Dates are for the previous cycle of RPF SI Recruitment.
-> Indian Ministry of Railways will release the RPF Recruitment 2025 notification for the post of Sub-Inspector (SI).
-> The vacancies and application dates will be announced for the RPF Recruitment 2025 on the official website. Also, RRB ALP 2025 Notification was released.
-> The selection process includes CBT, PET & PMT, and Document Verification. Candidates need to pass all the stages to get selected in the RPF SI Recruitment 2025.
-> Prepare for the exam with RPF SI Previous Year Papers and boost your score in the examination.