A person gets 5% per annum interest for first 3 years, 8% for next 3 y

1.	A person gets 5% per annum interest for first 3 years, 8% for next 3 yearsand 9% beyond that by depositing certain sum in the bank. If he gets Rs.32250 as simple interest for 10 years, how much money did he deposit inthe bank?
Answer» Given :- for first 3 years he gets 5% per annum interest . for next 3 years he gets 8% per annum interest . for next years he gets 9% per annum interest . Total SIMPLE interest = Rs.32250 . Total time = 10 years. To Find :- How much money did he deposit in the bank ? Solution :- Let us assume that, he deposit Rs. P in the bank . we know that, SI = (P * R * T)/100 A/q, → P at 5% for 3 years + P at 8% for 3 years + P at 9% for 4 years = 32250 → {(P * 5 * 3)/100} + {(P * 8 * 3)/100} + {(P * 9 * 4)/100} = 32250 → 15P + 24P + 36P = 32250 * 100 → 75P = 32250 * 100 → P = (32250 * 100) / 75 → P = Rs.43,000 (Ans.) Hence, He deposit Rs.43,000 in the bank. Learn more :- A sum of money grows 216/125 times when INVESTED for 3 years in shares where interest is computed annually. How LONG WIL... brainly.in/question/20712133 A person invest two equal sums, one at simple interest and another at compound interest at same rate for two years. Afte... brainly.in/question/27125261

A person gets 5% per annum interest for first 3 years, 8% for next 3 yearsand 9% beyond that by depositing certain sum in the bank. If he gets Rs.32250 as simple interest for 10 years, how much money did he deposit inthe bank?

Answer»

Given :-

To Find :-

Solution :-

Let us assume that, he deposit Rs. P in the bank .

we know that,

A/q,

→ P at 5% for 3 years + P at 8% for 3 years + P at 9% for 4 years = 32250

→ {(P * 5 * 3)/100} + {(P * 8 * 3)/100} + {(P * 9 * 4)/100} = 32250

→ 15P + 24P + 36P = 32250 * 100

→ 75P = 32250 * 100

→ P = (32250 * 100) / 75

→ P = Rs.43,000 (Ans.)

Learn more :-

A sum of money grows 216/125 times when INVESTED for 3 years in shares where interest is computed annually. How LONG WIL...

A person invest two equal sums, one at simple interest and another at compound interest at same rate for two years. Afte...