Anil deposited 20% of his money in a bank at the rate of 5% simple imterest per year and then spend 20% of the remaining on the education of his child. If he has 20000 rupees left with him, find the simple interest he will get from the bank after 1 year.
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Answer:
deposit = 20% ,rate: 5%
Balance 80%
20% of 80=16%=education
Remaining=100-36=64%
Xx64/100=2oooo
x=2oooox 100/64 = Rs.31250
Anil had Rs.31250
deposit =31250x20/100 = Rs.6250
SI on Rs 6250 = 6250x5/100=
= Rs.312.50
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