Question

Vinay deposited an amount which gives 8% interest per year. If he gets rupees 320 as interest , what is the amount that Vinay deposited?

Answer 1

Answer:

4000 is the amount

Step-by-step explanation:

8% = 320

so 1 % = 320/8

so 100% = 320/8 × 100 = 4000 rupees

Answer 2

Given :

• The amount of money deposited by Vinay gives 8% interest. Rupees he gets as interest is 320/-.

To Find :

• The amount of money Vinay deposited.

If 8% interest gives 320/- as money, then 1% interest will give $\frac{320}{8}$ which is 40.

To find the amount of money deposited,

$\frac{320}{8} \times 100$

$40 \times 100$

$\boxed{4000}$

Hence, the money deposited by Vinay is 4000/-.