New 55% Off on All Courses - Enroll Now! Click Here

    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

    Practice Next

    Relevant for Exams: