A man depssited 18000 rs. in a bank for ine yr. to earn some interest . If the same interest is to be earned in 8 month at the smae rte . what sum should be deposited by him?
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money earned in 12 month = rs. 18000
,, ,, ,, 1 ,, = rs. 18000 / 12 = rs.1500
money earned in 1 month = rs. 1500
,, ,, ,, 8 ,, = rs. 1500 X 8 =12000
Answer - Rs.12000
,, ,, ,, 1 ,, = rs. 18000 / 12 = rs.1500
money earned in 1 month = rs. 1500
,, ,, ,, 8 ,, = rs. 1500 X 8 =12000
Answer - Rs.12000
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