Ram deposited a certain sum of money in a post office at 6 percent per annum for 4 years and deposited an equal amount in fixed deposit in a bank for 5 years at 7.5 percent per annum.if the difference in the interest from teo sources is rs 1350,find the sum deposited in each case.
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Ram has deposited rs 1.lakh in post office & bank as fixed deposite ( 1 lakh *6 % = 600, muiltyplyed by years 600*4=2400) & in bank (1 lakh * 7.5 % = 750, muiltyplyed by years 750 * 5= 3750)
Hence difference in interest as 3750-2400=1350.
So, sum deposited in each case is rs 1 lakh.
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