Question

A person Invests Rs 2000 every month at 5% and gets the matured value as Rs 13520. Find the time he deposited the
amount.​

Answer 1

he gets every year =2000×5/100+2000

=100+2000

=2100

let the total year be x

then

2100x=13520

x=13520/2100

x=13526/2100)

=6.5 years(approx)