Question

a bank reduces its rate of interest from 5% to 3.5% due to which a person's annual income that reduces by rupees 105 what was the sum invested by him in the bank?
a) 4000
b)5000
c)6500
d)5200

Answer 1

Answer:

In my opinion, Answer is Rs.7000

Step-by-step explanation:

Let the sum invested be Rs.100.

When Rate is 5% p.a, then Int. gain is Rs 5

When Rate is 3.5% p.a, then Int. gain is Rs 3.5

Difference = Rs (5-3.5) = Rs 1.5

When Diff. is Rs 1.5, invested sum is Rs. 100

When Diff. is Rs. 105, invested sum is Rs. 7000