Multiple choice

How many rupees would Swapnil deposit in the bank for 6 months at the rate of $4.5 \%$ , so as to get an interest of Rs.828 ?

  1. $Rs.36,800$
  2. $Rs.46,800$
  3. $Rs.56,800$
  4. $Rs.66,800$
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Interest = (P * R * T)/100. 828 = (P * 4.5 * 0.5)/100. 828 = P * 2.25 / 100. P = 82800 / 2.25 = 36800.

AI explanation

Using the simple interest formula, we have 828 = (P * 4.5 * 0.5) / 100, where 6 months is 0.5 years. Solving for P gives P = (828 * 100) / 2.25, which simplifies to 36800. The required deposit is Rs.36,800.

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