Question
Shivam invested 24000 at 12% p.a. simple interest for
‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.26400. What is the value of ‘x’ (in years)?Solution
=> (24000 × 12 × x)/(12 × 100) = 26400 – 24000 => 240 × x = 2400 => x = 10 years
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