Arun has a certain sum deposited in a bank at 5% per annum. The bank increases the rate of interest from 5% to 6% =.After increase in rates,Arun deposits Rs.2000 more in his account.The annual interest received by him now is Rs.220 more than before.Find his original deposit.

Rs.12,000

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Rs.13,250

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Rs.6,792

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Rs,.10,000

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Solution

The correct option is D Rs,.10,000
Solved by using concept of Simple interest.

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Arun has a certain sum deposited in a bank at 5% per annum. The bank increases the rate of interest from 5% to 6% =.After increase in rates,Arun deposits Rs.2000 more in his account.The annual interest received by him now is Rs.220 more than before.Find his original deposit.

The correct option is D Rs,.10,000Solved by using concept of Simple interest.

The correct option is D Rs,.10,000
Solved by using concept of Simple interest.