Math, asked by aarjulohchab2010, 1 month ago

a certain amount was deposited into a bank account having a simple interest rate of 5%. if the total amount after 4 years was ₹1,500, how much was the amount deposited initially? for the same initial amount, how should the interest rate increase such that the simple interests would amount to ₹ 400?​

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Answered by mahammednasim
3

Answer:

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Interest=450

Rate=5%

Time=3years

Principle=?

Principle=(Interest×100)/(Rate×Time)

=(450×100)/(5×3)

=1545000

=3000

therefore

sum paid after 3 years=3000+450=3450

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