The sum required to earn a monthly interest of ₹ 1200 at 18% p.a. Simple Interest is –

CA Foundation · Quantitative Aptitude · MTP · September 2024
The sum required to earn a monthly interest of ₹ 1200 at 18% p.a. Simple Interest is –
(A) A. ₹50,000
(B) B. ₹60,000
(C) C. ₹80,000
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. ₹80,000

Topics: Part-A: Business Mathematics

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