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If she had Rs. 260000 in her retirement plan when she retired, at what age did she retire?

Sonia works at the post office. She deposits Rs. 1000 on every birthday into a retirement plan which paid an interest rate of 8% from the age of 20 years until she retired.

If she had Rs. 260000 in her retirement plan when she retired, at what age did she retire?
A . 55
B . 60
C . 59
D . 57

Answer: B

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