New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    A man deposited Rs. ‘x + 1200’ 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. 
    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 + 1200) × 0.12 × 2 = 528 0.24x + 288 = 528 x = 240/0.24 = 1000 So, required interest earned = 2 × 1000 × 0.21 = Rs. 420

    Practice Next

    Relevant for Exams: