Question

3. How much money had Mrs Verma deposited in a bank
if she finds that after 3 months, the bank has paid
*281.25 as interest at the rate 4.5% p.a.?​

Answer 1

Answer:

t=3months =1/4 year

r=4.5%

let the p be x

x×1×45/100×10×4=28125/100

x×45=28125×10×4

x=28125×2×4/9

x=3125×8= 25000