Question
Quantitative Ability and Data Interpretation Question on SI & CI
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
1200
D
1500
Answer
600
Explanation
Solution
The correct option is (B): 600