Question
A woman retired at the age of 60 and invested Rs. 22500
in a simple interest scheme offering 5% per annum. If she received a total of Rs. 33750, then what was her age when she got the amount?Solution
ATQ,
Let the amount is deposited for ‘t’ years. 33750 = 22500 + (22500 × 5 × t)/100 11250 = 1125t t = 10 years So, age of woman = 60 + 10 = 70 years
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