Question

↪50 points↩




✳ sovadevi deposited some money in a bank at the rate of simple interest of 5.25% per annum. After 2yrs. she has got Rs.840 as interest.


✴ Let us write by calculating the money she has deposited in the bank .​

Answer 1

Answer:

Given that,

Rate of Simple interest = 5.25% per annum

Time=2 years

Simple interest= Rs. 840 /-

Formula:

As,

$SI = \frac{P×R×T}{100}$

To find: Price

Solution:

$840 = \frac{P \times 5.25 \times 2}{100}$

$P = \frac{840 \times 100}{10.5}$

$P = 80 \times 100$

$P = Rs. 8000/-$