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ali wishes to put some money into a certificate of deposit paying 9% itnerest he wishes to use the interest earned for a year to buy a mobile that costs RS 9000 HOW much should he invest in cetificate of deposit?
asked
Apr 8, 2014
in
Quantitative Aptitude
by
aslam
(
107
points)
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1 Answer
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Let the amount to be invested in certificate be X
So, interest on X @ 9 per annum should be 9000.
Interest = Principal x Rate of inteest x Time
9000 = X x 9/100 x 1
X = 9000 x 100/9
X - Rs.100000
answered
Apr 8, 2014
by
Shekhar
(
54
points)
thanlss for ur corporation its vry help upp ...i appreciate ...
Dear Aslam, it is my pleasure, you are most welcome to ask questions.
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