Ramesh invests ₹1,200 at 5% simple interest. How much additi... — Quantitative Techniques and Data Interpretation 2024

Question 964 Quantitative Techniques and Data Interpretation 2024 Medium MCQ +4.00 marks · -1.00 negative

Ramesh invests ₹1,200 at 5% simple interest. How much additional money must he invest at 8% simple interest so that his total annual income will be equal to 6% of his total investment during this year?

A. ₹ 500 B. ₹ 600 C. ₹ 1,200 D. ₹ 1,500

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