Question

if the rate of interest is decreased from 5 % to 4 1/2% per annum then yearly income of a person is decreased by rupees 75. what amount did he deposit in bank? ​

Answer 1

Answer:

When he got at 5%= 1/20

Then Principal = 20 =

and sl = 1

When he got at 4%= 1/25

Then principal = 25 =

And sl = 1

A/Q sl of both interest are same

25-20=5

5..= 2000 rs

So 20.....=2000*20/5= 8000

Answer is rs 8000...

hope it helps...