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    Question

    Bank deposits have increased by 60% during the last

    year. It is now Rs 8440. What was it a year ago? 
    A Rs 5275 Correct Answer Incorrect Answer
    B Rs 6270 Correct Answer Incorrect Answer
    C Rs 5200 Correct Answer Incorrect Answer
    D Rs 6005 Correct Answer Incorrect Answer

    Solution

    Let the amount one year ago be ₹x. Since the deposit increased by 60%, the new amount is: x + 60% of x = 8440 x + 0.60x = 8440 1.60x = 8440 Now, divide both sides by 1.60: x = 8440 ÷ 1.60 x = 5275

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