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      Question

      Shivam invested 22000 at 12% p.a. simple interest for

      ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.27500. What is the value of ‘x’ (in years)? TYPE 26
      A 16 years Correct Answer Incorrect Answer
      B 27 years Correct Answer Incorrect Answer
      C 18 years Correct Answer Incorrect Answer
      D 25 years Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      => (22000 × 12 × x)/(12 × 100) = 27500 – 22000 => 220 × x = 5500 => x = 25 years

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