# Rate of simple interest per annum of bank bening decreased from 5% to 3 and1/2%, the annual income of a person from interest was less by Rs105. The sum deposited at the bank was

A. Rs 7000

B. Rs6000

C. Rs 7200

D. Rs6800

A. Rs 7000

B. Rs6000

C. Rs 7200

D. Rs6800

Related User Ask Questions

**The compound interest on Rs. 8000 at 15% P.a for 2 years 4 months, compounded annually is?**

A. 2980

B. 3091

C. 3109

D. 3100

A. 22600 units

B. 27000 units

C. 20400 units

D. 16000 units

**A financial plan set in advance for a given period of time in the future is _______**

A. Planning

B. Budget

C. Standard cost

D. Fiscal policy

Let sum was X.

Amount after 1 year with interest 5%,

Amount = x + 5% of x = 1.05x.

Amount after 1 year with interest 7/2%.

Amount = x + 7/2% of x = 1.035x.

Difference in interest = 105

1.05x - 1.035x = 105

0.015x = 105

x = Rs. 7000.