Question

On retirement, a woman gets Rs. 1,45,440 of her provident fund which she invests in a scheme at 20% per annum. Her monthly income from this scheme will be
A) Rs. 2550
B) Rs. 2424
C) Rs. 2224
D) Rs. 2380

Answer 1

Answer:

Step-by-step explanation

:

Answer: B) Rs. 2424

Explanation:

Now, the principal amount P = Rs. 1,45,440

Rate of interest R = 20%/annum

Now monthly income I = PTR/100 = 1,45,440 x 20 x 1/100 x 12

= 2908800/1200

= Rs. 2424.

Answer 2

b option is the right answer