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Q: 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

  • 1
    Rs. 2550
  • 2
    Rs. 2424
  • 3
    Rs. 2224
  • 4
    Rs. 2380
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Answer : 2. "Rs. 2424"
Explanation :

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.   Hence, her monthly income = Rs. 2424.

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