Question

If the rate of annual simple interest is $11\frac{1}{2}\%$ , then how much money need to be deposited 2 to have ₹ 8,906 in total after 4 years?

• A. ₹ 2,806
• B. ₹ 3,000
• C. ₹ 6,000
• D. ₹ 6,100

Answer 1

Answer: (D)

₹ 6,100

Answer 2

The correct option is (D): ₹ 6,100