To get an interest of Rs $280$ per year, how much money should be deposited?

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2500

3000

3500

400

answer is C.

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Detailed Solution

Given that, the graph between simple interests (in Rs) versus deposit (in Rs),
Question Image

We have need to find what amount that should be deposited to get an interest of Rs

280

per year.
We can see from the above graph, the amount to be placed is 3500 rupees in order to receive an annual interest rate of 280 rupees (approximately).
Therefore, the correct option is 3.

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