Question

The rate of simple interest in a bank is reduced from 9% to 8.5% per annum. Calculate the amount if Rs. 312 less is received every year due to this reason on a certain deposit./

• A. ` 61, 500
• B. ` 64, 200
• C. ` 62, 400
• D. ` 60, 400

Answer 1

Answer: (C)