Bank PO Questions

Let the sum invested be Rs. P

Let the rate of interest be R% per annum

=> Interest earned for 5 years = (P x 5 x R/100) = PR/20

Now, given that the interest earned increased by Rs. 600 if the Rate increased to (R+2)%

=> SI = (P x 5 x (R+2))/100 = PR/20 + 10P/100

Hence,

PR/20 + 10P/100 = PR/20 + 600

=> P = 6000

Therefore, the sum invested is Rs. 6000

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Amount

= Rs[7500x(1+4/100)²]

=Rs.(7500 * 26/25 * 26/25)

=Rs.8112

 C.I

= Rs(8112 - 7500)

=Rs.612

Saraswat Bank, the largest lender in the co-operative space, has appointed Smita Sandhane as its Managing Director (MD). She is the first woman chief of India's largest urban co-operative bank.
'Service to the common man' is the Motto of Saraswat Bank.