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    Question

    TYPE 26

    Shivam invested 21000 at 12% p.a. simple interest for

    ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.25200. What is the value of ‘x’ (in years)?
    A 8 years Correct Answer Incorrect Answer
    B 20 years Correct Answer Incorrect Answer
    C 10 years Correct Answer Incorrect Answer
    D 18 years Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    => (21000 × 12 × x)/(12 × 100) = 25200 – 21000 => 210 × x = 4200 => x = 20 years

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