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
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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.