document.write( "Question 1079272: Mr chen deposit a certain sum of money in a bank in the interest rate of the bank decreases from 3.75% per annum to 3.5% per annum. Mr chen's interest will decrease by $50 in a year. find the sum of money he deposites \n" ); document.write( "
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Mr chen deposit a certain sum of money in a bank in the interest rate of the bank decreases from 3.75% per annum to 3.5% per annum. Mr chen's interest will decrease by $50 in a year. find the sum of money he deposites\r
\n" ); document.write( "\n" ); document.write( "Mr chen deposit a certain sum of money in a bank let it be x
\n" ); document.write( " interest\r
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\n" ); document.write( "\n" ); document.write( "At 3.75% rate he gets 3.75%x\r
\n" ); document.write( "\n" ); document.write( "At 3.50% rate he gets 3.50%x\r
\n" ); document.write( "\n" ); document.write( "3.75%x-3.50%x =50\r
\n" ); document.write( "\n" ); document.write( "0.0375x-0.0350x =50
\n" ); document.write( "0.025x=50
\n" ); document.write( "x=50/0.025\r
\n" ); document.write( "\n" ); document.write( "x=2000\r
\n" ); document.write( "\n" ); document.write( "sum of money in a bank deposited = $2000\r
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