Practicing Success
A man deposits a sum of money in standing of every year till 4 years. After 4 years Rs.10800 were deposited in his account. Find the sum of money deposit by the man every year if the rate of interest is 5% p.a. |
Rs. 2000 Rs. 9000 Rs. 2500 Rs. 2680 |
Rs. 9000 |
Amount = Principal + Interest 10800 = P + \(\frac{P × 5 × 4}{100}\) 10800 = \(\frac{6P}{5}\) P = 9000 |