A person opened a savings bank account 4 months ago, which has now a balance of ₹ 21,315. If the bank pays 4.5% simple interest, how much money was…
CA Foundation · Quantitative Aptitude · MTP · April 2025
A person opened a savings bank account 4 months ago, which has now a balance of ₹ 21,315. If the bank pays 4.5% simple interest, how much money was deposited by him, initially?
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. ₹21,000
Topics: Part-A: Business Mathematics
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