The sum required to earn a monthly interest of Rs 1200 at 18% per annum Simple Interest is

CA Foundation · Quantitative Aptitude · MTP · September 2026
The sum required to earn a monthly interest of Rs 1200 at 18% per annum Simple Interest is
(A) A. ₹50000
(B) B. ₹ 60000
(C) C. ₹ 80000
(D) D. none of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. ₹ 80000

Topics: Part-A: Business Mathematics

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