13. After retirement Bejoybabu got 28,000 as
gratuity. He wants to deposit the money in
Post office and Bank in such a way that by
the interest he can earn 2680 every year. If
simple interest of the Post office and the bank
are 9% and 10% then where and how much
money he will deposit ?
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Answer:
16000 ₹ in bank + 12000 ₹ in post office
Step-by-step explanation:
16000 ₹ in bank + 12000 ₹ in post office
bank interest is 1600 (16000×10/100)
post office interest is 1080 (12000×9/100)
total annual interest is 1600 ₹+ 1080 ₹ = 2680 ₹
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