Kiran deposited 15,500 in a bank. After 3 years,
she withdrew 4000. At the end of 10 years, she
receives an amount of 37,160. Find the rate of
interest
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Pratiksha deposited Rs 8,000 in a bank. After 2 years, she withdraw Rs 3,000 and at the end of 4 years, she received an amount of Rs 6,800. Find the rate of simple interest.
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Step-by-step explanation:
bank will pay back the new principal and the simple interest for first 3 years and simple interest of last 7 years.
so amount =11500 + 465R + 805R
37160=11500 +1270R
25660= 1270R
25660/1270 =R
20.20% = R
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