Question
Shivam invested 25000 at 12% p.a. simple interest for
‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.30000. What is the value of ‘x’ (in years)?Solution
=> (25000 × 12 × x)/(12 × 100) = 30000 – 25000 => 250 × x = 5000 => x = 20 years
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