The rate of simple interest per annum of bank being decreased

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The rate of simple interest per annum of bank being decreased
from 5% to 3 1 % the annual income of a person from interest was less by Rs. 105.
2
The sum deposited at the bank was

Let Amount deposited in bank = Rs. p

Difference of rates = 5 –	7
	2

=	3	% per annum
	2

SI =	Principal × Time × Rate
	100

SI =	p × 1 × 3	= 105
	100 × 2

p =	105 × 200	= Rs. 7000
	3

from 5% to 3	1	% the annual income of a person from interest was less by Rs. 105.
	2