e300 upeesSeposited 12000 nipees at 9 p.epa. in a bank for some years,

1.	e300 upeesSeposited 12000 nipees at 9 p.epa. in a bank for some years, and withdrew hiaienenteriyeaz. At the end of the period, he had reseived aitogeter 17,400 rupesFor how many years had be deposited his money ?
Answer» Amount which is received by Javed is Rs. 17400 and he invested Rs. 12000 at 9% per annum. Interest he received is 17400 - 12000 = Rs. 5400 Using formula Pnr = 5400 12000× n× 9/100 = 5400 n = 5 years

e300 upeesSeposited 12000 nipees at 9 p.epa. in a bank for some years, and withdrew hiaienenteriyeaz. At the end of the period, he had reseived aitogeter 17,400 rupesFor how many years had be deposited his money ?

Answer»

Amount which is received by Javed is Rs. 17400 and he invested Rs. 12000 at 9% per annum.

Interest he received is 17400 - 12000 = Rs. 5400

Using formula

Pnr = 5400

12000× n× 9/100 = 5400

n = 5 years