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

    Question

    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.23200. What is the value of ‘x’ (in years)?
    A 16 years Correct Answer Incorrect Answer
    B 27 years Correct Answer Incorrect Answer
    C 23 years Correct Answer Incorrect Answer
    D 25 years Correct Answer Incorrect Answer

    Solution

    => (20000 × 12 × x)/(12 × 100) = 23200 – 20000 => 200 × x = 3200 => x = 16 years

    Practice Next

    Relevant for Exams: