Question
Shivam invested 24000 at 8% p.a. simple interest for
‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.27200. What is the value of ‘x’ (in years)?Solution
=> (24000 × 8 × x)/(12 × 100) = 27200 – 24000 => 160 × x = 3200 => x = 20 years
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