Question

John went to the bank to withdraw money on behalf of his uncle who was in hospital.
When he reached the bank, he learned that based on the principal amount his uncle had
deposited, the difference between the compound interest and simple interest would be
Rs. 320 The bankers told John that the rate of interest was 25%. What was the principal
amount John's uncle had deposited in the bank?​

Answer 1

Answer:

John went to the bank to withdraw money on behalf of his uncle who was in hospital.

When he reached the bank, he learned that based on the principal amount his uncle had

deposited, the difference between the compound interest and simple interest would be

Rs. 320 The bankers told John that the rate of interest was 25%. What was the principal

amount John's uncle had deposited in the bank?