Vivek deposited some amount in the bank for 7.5 years at the rate of 6 per cent per annum at Simple Interest. Vivek received ₹ 1,01,500 at the end of the term, Compute the initial deposit of Vivek.

Given: Amount (A) = ₹ 1,01,500, Time (t) = 7.5 years, Rate (r) = 6% per annum. Formula for Simple Interest: A = P(1 + rt) 1,01,500 = P(1 + 6/100 × 7.5) 1,01,500 = P(1 + 45/100) 1,01,500 = P(145/100) P = 1,01,500 × 100 / 145 P = 70,000 Initial Deposit of Vivek = ₹ 70,000