Mathematics · Simple Interest
A scholarship fund, when held in a high-yield account at a simple interest rate of 22% per annum for 5 years, earns Rs 2,760 more interest than when held at 16% per annum simple interest for 4 years. What is the amount of the scholarship fund?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs 6,500
- 2Rs 5,000
- 3Rs 6,000✓
- 4Rs 5,500
Correct answer
Rs 6,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Simple Interest MCQs →Want more practice questions on Simple Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Simple Interest