- A7500
- B7800
- C7200
- D8000
Step-by-Step Solution
Interest for 3 years at 6% = 18% of , so the amount is , giving = ₹7500.
Answer: A) 7500
At 6% per annum simple interest, a deposit grows to ₹8,850 in 3 years. What was the amount deposited?
Competition practiceSimple & Compound Interest
Master this topic in 30 minutes a day.
Don't just memorise the answer — build a daily practice habit.
Practice 5 Similar Questions Free →All Simple & Compound Interest practice questions
More Simple & Compound Interest practice
On a certain sum, the compound interest for 2 years at 8% per annum (compounded yearly)…At simple interest, a sum becomes 1.5 times itself in 5 years. At the same rate, in how…A sum of money becomes three times itself in 10 years at simple interest. In how many…A certain sum at simple interest amounts to ₹9440 in 3 years and to ₹10400 in 5 years.…The compound interest on a certain sum for 2 years at 5% per annum, compounded annually,…