15500 - 12500 = 3000 = Simple Interest Rate of interest = (3000 × 100)/(12500 × 4) = 6%. .
How much amount would a person receive if he invests a sum of Rs. 12500 at the rate of 6.5% of simple interest for 12 years in a bank? Please note that the bank levies a charge of Rs. 175 on every fixed deposit.
How much amount would a person receive if he invests a sum of Rs. 12500 at the rate of 6.5% of simple interest for 17 years in a bank? Please note that bank levies a charge of Rs. 75 on every fixed deposit.
