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    Question

    TYPE 26

    Shivam invested 20000 at 12% p.a. simple interest for

    ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.23600. What is the value of ‘x’ (in years)?
    A 16 years Correct Answer Incorrect Answer
    B 17 years Correct Answer Incorrect Answer
    C 18 years Correct Answer Incorrect Answer
    D 15 years Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    => (20000 × 20 × x)/(12 × 100) = 23600 – 20000 => 200 × x = 3600 => x = 18 years

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