Question
Maya deposits Rs. 5,000 in a bank offering 10% p.a.
simple interest. In how many months will her investment grow to Rs. 6,000?Solution
ATQ, Interest earned = Rs. 6,000 - Rs. 5,000 = Rs. 1,000 Using the formula: 
Simplify : 
Time = [(1,000 × 12)/500] = 24 momths
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