Mr. banerjee bought a government cash certificate at yearly 14% simple interest in this context that his wife and son will get the amount in 3:2 ratio after 10 years.If son received 6720 after the term,then the value of the certificate was
please explain it with calculaton
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Step-by-step explanation:
6720/ 2 = 3360
5x = 5 × 3360 = 16800
now, 16800 = 140% + 100%
16800 = 240 / 100 × ?
? = 16800 × 100 / 240.
? = ₹ 7000 Ans
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