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A man invested 3400 in simple interest at 12% p.a. for (x+1) years. If the interest received by him is 3/5th the amount invested, then find x.
Question

A man invested 3400 in simple interest at 12% p.a. for (x+1) years. If the interest received by him is 3/5th the amount invested, then find x.

A.

2

B.

4

C.

3

D.

5

E.

1

Correct option is B

ATQ,
3400×35=3400×12100×(x+1)3400 \times \frac{3}{5} = 3400 \times \frac{12}{100} \times (x + 1)
35=12100×(x+1)\frac{3}{5} = \frac{12}{100} \times (x + 1)
5 = x + 1
x = 4

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