s. 2 at Suresh deposited some amount in a bank for 3 years the State of interest oftes year ap, cpa He recieved Rs 2565 as interest after 3 year Find the amount he deposited and the total amount he he will have after 3 years
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Interests on investments based on simple interest are calculated only on the basis of principle amount.
It does not matter how many years have passed, at the end of year interest will be calculated on the basis of intial principle amount. Hence these amounts form an A.P.
The common difference, d = 25000×
100
14
=3500
Amount after 1 year = 25000+3500=28500=a
Amount after 20 years = a+(20−1)d=28500+19×3500=95000
Step-by-step explanation:
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