(i) 300 rupees (11)laved deposited 12000 rupees at 9 p.c.p.a. in a ban

1.	(i) 300 rupees (11)laved deposited 12000 rupees at 9 p.c.p.a. in a bank for some years, and withdrew hiinterest every year. At the end of the period, he had received altogether 17,400 rupeeFor how many years had he 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

(i) 300 rupees (11)laved deposited 12000 rupees at 9 p.c.p.a. in a bank for some years, and withdrew hiinterest every year. At the end of the period, he had received altogether 17,400 rupeeFor how many years had he 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