Question

Mr. Sharma deposited a certain amount in a bank with simple interest. The amount becomes Rs.2146 after six years and RS.2262 after seven years. The amount deposited was​

Answer 1

Correct answer:-

Let principal amount = Rs. 2146

Therefore, time period = t = 6

Rate of interest = r = 7/100 = 0.07

Total amount = P(1+r)^t.

= 2146(1+0.07)^6

= (now, do it urself).

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