Question

murthy deposited some money in a bank and got back Rs 3024 after one year. if the ratio of interest was 8% how much money had he deposited?

Answer 1

Step-by-step explanation:

Let Principal =100

So one year amount=100+8%of100

=100+8=108

108=3024(given)

1=28

Principal=28×100=2800

It means he deposited 2800rs