mrs. reeta deposited a sum of …
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Gaurav Seth 5 years, 2 months ago
Mrs. Reeta deposited a sum of Rs.8400 in a bank for 4 years at the simple interest.
After 2 years the interest for this prinicipal sum is
Thus, total amount after 2 years is
She withdrew Rs.5200 from
.
Thus the remaining sum is
Thus, total amount after 4 years is
She received Rs.5288.
Therefore,
Solving this quadratic equation,
The rate of interest can't be negative.
Thus, the rate of simple interest is
per annum.
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