A monthly installment of Rs. 180 is required to be paid for repayment of an interest free loan in 40 months. If it is decided to pay it in 30 months, how much will be the monthly installment in rupees?

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198

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240

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330

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Solution

The correct option is C 240
$180 \times 40 = x \times 30 o r x = 240$

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