Question 63
Quantitative Ability
2022
Medium
MCQ
+3.00 marks · -1.00 negative
Nitu has an initial capital of Rs. 20,000. Out of this, she invests Rs. 8,000 at 5.5% in bank A, Rs. 5,000 at 5.6% in bank B and the remaining amount at x% in bank C, each rate being simple interest per annum. Her combined annual interest income from these investments is equal to 5% of the initial capital. If she had invested her entire initial capital in bank C alone, then her annual interest income, in rupees, would have been
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