Question

Amount was deposited into bank account having a simple interest rate of 5% if the total amount after 4 years was 1500 how much was the amount deposit in the entry for the same in any tell amount how should the interest rate increase such the simple interest would amount to rupees 400

Answer 1

Answer:

Step-by-step explanation: R =5%, n=4 years ,A=1500

P+I=1500

P+PNR/100=1500

P(1+4X5/100)=1500

P=1250Rs

Case2:P=1250Rs,I=400Rs

I=PNR/100

400=1250X4XR/100

R=8%

Hope it help you