Question

A man deposited a certain sum of money at the beginning of each year for three years in a bank. After 3 years he got total amount Rs. 7440. If the rate of interest is 12% per annum at simple interest. Find the amount deposited at the beginning of each year.
Rs.1700/R.2000/Rs.2200/Rs.2500/None

Answer 1

Answer:

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Answer 2

Answer:

None of the given amount is deposited in the bank.

Given:

   A man deposited a certain sum of money at the beginning of each year for three years in a bank. After 3 years he got total amount Rs. 7440.

  If the rate of interest is 12% per annum at simple interest.  

To find:

The amount deposited at the beginning of each year.

Solution :  

SI for three years + principal = 7440

Rate of interest = 12%

No of years = 3

From the given option, maximum amount is Rs.2500.

12% of 2500 = 300 rupees.

For three the maximum interest will be gaind = 1000 (approx.)

None is the correct answer.