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	Ravi deposited Rs. 16,000 at 10% in a bank for some years and withdrawn his interest every year.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Ravi deposited Rs. 16,000 at 10% in a bank for some years and withdrawn his interest every year.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

Answer»

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Ravi deposited Rs. 16,000 at 10% in a bank for some years and withdrawn his interest every year.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Ravi deposited Rs. 16,000 at 10% in a bank for some years and withdrawn his interest every year.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