# 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

A. 119/11 hours

B. 108/11 hours

C. 120/11 hours

D. 109/11 hours

**What is the meaning of MD in a meter display?**

A. maximum demand

B. minimum demand

C. managing director

D. magaring director

A. 30 days

B. 13 1/2 days

C. 15 days

D. 20 days

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.