The sum required to earn a monthly interest of ₹ 1,200 at 18% per annum simple interest is :

CA Foundation · Quantitative Aptitude · PYQS · September 2024
The sum required to earn a monthly interest of ₹ 1,200 at 18% per annum simple interest is :
(A) A. ₹ 60,000
(B) B. ₹ 50,000
(C) C. ₹ 80,000
(D) D. ₹ 66,000

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. ₹ 80,000

Topics: Part-A: Business Mathematics

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