Multiple choice

(\text{When the rate of interest in a bank is reduced from 5\% to 4\%, a man deposits Rs. 2000 and his annual income remains the same. Find the original deposit.})

  1. Rs. 9500

  2. Rs. 9000

  3. Rs. 8000

  4. Rs. 1000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let original deposit be P. At 5%, income = 0.05P. With Rs. 2000 deposit at 4%, income = 0.04 × 2000 = Rs. 80. Setting equal: 0.05P = 80, so P = 80/0.05 = Rs. 8000. The original deposit was Rs. 8000.

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