A certain amount of money deposited in a bank becomes ₹ 1008 in 2 years and ₹ 1164 in 3\frac{1}{2} years. Find the amount deposited in the bank and the rate of interest per annum.

Correct Answer is : ₹800, 13%

AP DSC Secondary Grade Teacher 2025 Model Test 5

Section: Mathematics

Question : 103 of 160

Marks: +1, -0

A certain amount of money deposited in a bank becomes ₹ 1008 in 2 years and ₹ 1164 in 3

\;{1}/{2}

years. Find the amount deposited in the bank and the rate of interest per annum.

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