Javed deposited 12000 rupees at 9 p.c.p.a in a bank for some years, and withdrew his interest every year. At the end of the period, he had received altogether 17,400 rupees. For how many years had he deposited his money ?
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Answer:
S.I = A - P
174OO - 12OOO
= ₹54OO
We T = S.I x 1OO \ P x R
54OO x 1OO \ 12OOO x 9
Time = 5years ( Ans )
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