Math, asked by Lion134, 4 months ago

A man deposited a sum of money in a bank at the rate of 5% per year simple interest. If he received an interest of Rs 574, at the end of 7 years how much money did he deposit in the bank?



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Answers

Answered by harishbaland
3

Answer:

1640 RS was deposited

Step-by-step explanation:

Interest of 7 years is = 574 rs.

So interest per year is = 574/7 = 82 RS

*We know very well that the simple interest for all the years is always same *

it means 82 is 5 % of that principal.

=> so 100/5×82

=> 20×82

=> 1640 rs

Answered by itzkriti279
4

Answer:

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