Q.By depositing some money in a bank, the amount becomes ₹1107.60 after 7 years and ₹1248 after 10 years. What was the original amount deposited in the bank? (a) ₹ 700 (b) ₹ 800 (c) ₹ 680 (d) ₹780
Answer: D
(10 - 7) years or 3 years interest = ₹1248 - ₹1107.60 = ₹140.40 ∴ Interest for 1 year = ₹140.40 ÷ 3 = ₹46.80 ∴ Interest for 10 years = ₹46.80 × 10 = ₹468 ∴ Principal amount = ₹1248 - ₹468 = ₹780
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