Mr. Deepak invested an amount of Rs 21,250 for 6 years. At what rate of simple interest will he obtain the total amount of Rs 26,350 at the end of 6 years?
(a) 6 % p.a
Let Baichung's father's present age be x years
Given Baichung's father is 29 years older than Baichung
Hence Baichung's age is (x − 29) years
Baichung's grandfather is 26 years older than Baichung's...
Solution: Let P = Rs. 100. Then, S.I. Rs. 60 and T = 6 years.
R=100*60/100*6 =10% p.a
Now, P = Rs. 12000. T = 3 years and R = 10% p.a.
C.I=Rs.[12000*[1+10/100]3−1]
=Rs.3972
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