Question

Bank deposits have increased by 60% during the last

Q: Answer-Bank deposits have increased by 60% during the last year. It is now Rs 8440. What was it a year ago?...

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

year. It is now Rs 8440. What was it a year ago?

A Rs 5275

B Rs 6270

C Rs 5200

D Rs 6005

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Bank deposits have increased by 60% during the last

Solution