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The rate of simple interest per annum of bank being decreased
The sum deposited at the bank wasfrom 5% to 3 1 % the annual income of a person from interest was less by Rs. 105. 2
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- Rs. 6,000
- Rs. 7,200
- Rs. 6,800
- Rs. 7,000
- Rs. 6,000
Correct Option: D
Let Amount deposited in bank = Rs. p
Difference of rates = 5 – | |
2 |
= | % per annum | |
2 |
SI = | |
100 |
SI = | = 105 | |
100 × 2 |
p = | = Rs. 7000 | |
3 |