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    Question

    The simple interest received after 3 years on Rs (x +

    600) at the rate of 20% p.a is Rs (3x – 1500). The amount received on Rs 4x when invested at 50% p.a compound interest, compounded annually for 2 years can be:
    A Rs. 6975 Correct Answer Incorrect Answer
    B Rs. 5562.75 Correct Answer Incorrect Answer
    C Rs. 5161 Correct Answer Incorrect Answer
    D Rs. 5572.50 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the question,
    {(x + 600) × 3 × 20}/100 = (3x – 1500)
    => 3x + 1800 = 15x – 7500
    => 12x = 9300
    => x = 775
    Therefore, required amount received = 4x . (1 + 50/100)2 = Rs. 6975

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