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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