A certain amount was deposited into our bank account having an interest rate of 5 percentage if the total amount after 4 years was rupees 1500, how much was the amount deposited initial?For the same initial amount, how should interest rate increase such that the simple interest would amount to Rs.400?
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Answer:
amount deposited=1250,interest rate when simple interest is 400=8
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Step-by-step explanation:
amount deposited =1250
interest rate when simple interest is 400 =8
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