In a bank, 6% interest is given on the deposited amount. The bank then invests the money in the stock market and is able to earn ₹30,000 for every ₹3,00,000. How much money is the bank earning finally if the total amount deposited in the bank is ₹60,00,000?

Interest given by the bank to depositors = 6% of the total deposit

The bank earns ₹30,000 for every ₹3,00,000 invested in the stock market.

Total amount deposited in the bank = ₹60,00,000.

Formula Used:
Interest = $$\frac{\text{Interest rate}}{100} \times \text{Total deposit}$$​​
Earnings = $$\frac{\text{Total deposit}}{3,00,000} \times 30,000$$​​

The bank pays 6% interest on the deposited amount of ₹60,00,000:

Interest paid = $$\frac{6}{100} \times 60,00,000 = 3,60,000$$​​

The bank earns ₹30,000 for every ₹3,00,000 invested. Since the total amount deposited is ₹60,00,000,

Stock market earnings = $$\frac{60,00,000}{3,00,000} \times 30,000$$​​

= $$20 \times 30,000$$​ = 6,00,000

Final earnings = 6,00,000 − 3,60,000 =  ₹2,40,000