Question

The simple interest received after 2 years on Rs (x + 800) at the rate of 20% p.a is Rs (2x – 1800). The amount received on Rs 4x when invested at 50% p.a compound interest, compounded annually for 2 years can be:

Q: The simple interest received after 2 years on Rs (x + 800) at the rate of 20% p.a is Rs (2x –

According to the question, {(x + 800) × 2 × 20}/100 = (2x – 1800) => 2x + 1600 = 10x – 9000 => 8x = 10600 => x = 1325 Therefore, required amount received = 4x . (1 + 50/100) 2 = Rs. 11925

A Rs. 16975

B Rs. 11925

C Rs. 15161

D Rs. 15572.50

E None of these

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Question

The simple interest received after 2 years on Rs (x + 800) at the rate of 20% p.a is Rs (2x – 1800). The amount received on Rs 4x when invested at 50% p.a compound interest, compounded annually for 2 years can be:

Solution

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