Question

TOFRANK A bank gives Rs. 65 interest on every Rs. 1000 deposited with it for a year How much money should Ravi deposit for 3 years in the bank so as to get an interest of Rs. 8125?​

Answer 1

Answer:

$Rs.1,25,000$ is the amount Ravi should deposit for 3 years to get an interest of Rs.8125

Step-by-step explanation:

Given:

The principle amount is Rs.1000 and Rs.65 is the interest we get from the bank

We need to find how much amount should Ravi deposit for 3 years to get an interest of Rs.8125.

For 3 years the principle amount will be Rs.3000 and the interest we get is Rs.$65*3=195$

So for Rs.3000 we get an interest of Rs.195

To get an interest of Rs.8125

$\frac{3000}{x}=\frac{195}{8125}$

$x=Rs.1,25,000$