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      Question

      A man deposited Rs. β€˜x + 900’ at 12% per annum

      simple interest and earned Rs. 528 as interest after 2 years. Find the interest earned by him if he deposited Rs. 2x at 10% per annum for 2 years at compound interest.Β 
      A Rs. 609 Correct Answer Incorrect Answer
      B Rs. 546 Correct Answer Incorrect Answer
      C Rs. 798 Correct Answer Incorrect Answer
      D Rs. 504 Correct Answer Incorrect Answer
      E Rs. 420 Correct Answer Incorrect Answer

      Solution

      So, {(x + 900) Γ— 0.12 Γ— 2 = 528 0.24x + 216 = 528 x = 312/0.24 = 1900 So, required interest earned = 2 Γ— 1900 Γ— 0.21 = Rs. 546

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