Q5 of 32 Page 46

Sovadebi deposited some amount of money in a bank at the rate of simple interest of 5.25% per annum. After 2yrs. She has got ₹840 as interest. Let us write by calculating, the money she has deposited in the bank.

As we know,



Here, P = ?, r = 5.25 t = 2 and I = Rs. 840




= Rs. 8000


Hence, she has deposited Rs. 8000 in the bank.


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