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      Question

      Shivam invested 25000 at 12% p.a. simple interest for

      ‘x’ months. If at the end of ‘x’ months, he received a total amount of Rs.30000. What is the value of ‘x’ (in years)?
      A 8 years Correct Answer Incorrect Answer
      B 20 years Correct Answer Incorrect Answer
      C 10 years Correct Answer Incorrect Answer
      D 18 years Correct Answer Incorrect Answer

      Solution

      => (25000 × 12 × x)/(12 × 100) = 30000 – 25000 => 250 × x = 5000 => x = 20 years

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