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:   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

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Here is your answer
P = 1,45,440
R = 20%
T = 1/12 years
SI = PRT/100
$= \frac{145440 \times 20 \times 1}{100 \times 12} \\ = 2424$
Her monthly income is Rs 2424

Option (C) Rs 2424 is your answer

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