Question

7. Anil deposits ₹ 7000 in a bank and receives an interest of 1050. What sum of money should Anil
deposit in the bank to receive an interest of ₹ 1395, the rate and time of deposit being the same?​
Please give the answer fast, I need the anwer

Answer 1

Answer:

i don't understand questions

Answer 2

Given:

The money deposited by Anil = 7000

Interest received by Anil = 1050

To find:

We heve to find the amount deposited by Anil if he receives an interest of 1395 Rs. at the same rate of interest and same tome period

Solution:

We have the relation of simple interest as I = P×R×T

where, I= simple interest = 1050

           P = Amount deposited =7000

           R= rate of interest

           T=time period

CASE-1:  

I = P×R×T

1050 = 7000×RT

RT = 1050/7000

RT=0.15

CASE-2:

Given that I = 1395  and we have RT = 0.15

Then using above formula,

1395 = P×0.15

P = 1395/0.15

P = 9300

∴ Anil receives an interest of  ₹1395 for the deposited amount ₹9300.