Ravi deposited Rs. 16,000 at 10% in a bank for some years and withdraw

1.	Ravi deposited Rs. 16,000 at 10% in a bank for some years and withdrawn his interest every year. At t he end of the period, he had received altogether Rs. 22,400. For how many years had he deposited the money.
Answer» ong>Answer: 14 years Step-by-step EXPLANATION: time = SI100/PR =22400100/1600010 =14 years

Ravi deposited Rs. 16,000 at 10% in a bank for some years and withdrawn his interest every year. At t he end of the period, he had received altogether Rs. 22,400. For how many years had he deposited the money.

Answer»

ong>Answer:

14 years

Step-by-step EXPLANATION:

time = SI*100/P*R

=22400*100/16000*10

=14 years

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Ravi deposited Rs. 16,000 at 10% in a bank for some years and withdrawn his interest every year. At t he end of the period, he had received altogether Rs. 22,400. For how many years had he deposited the money.​

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Ravi deposited Rs. 16,000 at 10% in a bank for some years and withdrawn his interest every year. At t he end of the period, he had received altogether Rs. 22,400. For how many years had he deposited the money.