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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) 108 views

1 Answer

0 votes
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.