Question
Shivam invested 22000 at 12% p.a. simple interest for
‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.27500. What is the value of ‘x’ (in years)? TYPE 26Solution
=> (22000 × 12 × x)/(12 × 100) = 27500 – 22000 => 220 × x = 5500 => x = 25 years
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