New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Shivam invested 24000 at 15% p.a. simple interest for

    ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.26400. What is the value of ‘x’ (in years)?
    A 6 years Correct Answer Incorrect Answer
    B 7 years Correct Answer Incorrect Answer
    C 8 years Correct Answer Incorrect Answer
    D 5 years Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    => (24000 × 15 × x)/(12 × 100) = 26400 – 24000 => 300 × x = 2400 => x = 8 years

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