Question

Suresh wishes to earn a montly interest of rs.600 .the interest rate is 12 % per annum but it is paid every month.he must invest
(a)80000
(b)60000
(c)90000
(d)120000
​

Answer 1

if Suresh is paid rs.600 every month then the interest for a year will be rs.7200 and then we find 12% interest on 60000