New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Mr. Ghanshyam deposited certain amount in the Bank at

    the end of each year. How much amount did he deposit at the end of each year at the rate of 15% simple Interest, so that he will get Rs. 980 at the end of 4th year?
    A 400 Correct Answer Incorrect Answer
    B 200 Correct Answer Incorrect Answer
    C 300 Correct Answer Incorrect Answer
    D 320 Correct Answer Incorrect Answer

    Solution

    Total Interest = 45 + 30 + 15 + 0 = 90 Total Amount = 400 + 90 = 490 units 490 units = 980 1 unit = 2 100 units = 200

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