Question

mr Richard deposit account in a bank for 3years at 7.5%per annum simple interest if he gets RS8325 as intrest at the time of maturity find the monthly deposit​

Answer 1

Answer:

Time 3years

rate 7.5

principal 8325

8325×3×7.5/100 =374625

Answer 2

Step-by-step explanation:

Principal=?

Rate of interest =7.5%

Interest amount after 3 years= ₹ 8325

Time period= 3years

$simple \: interest \: = \frac{p \times t \times r}{100} \\ 8325 = \frac{p \times 3 \times 7.5}{100} \\ 832500 =p \times 22.5 \\ p = 37000$

Pricipal = ₹37000

Monthly deposit = 37000÷12

= ₹ 2775