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      Question

      A invested Rs. ‘x’ in a scheme offering compound

      interest of 20% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. (x – 3584), then find the value of ‘x’.
      A 6000 Correct Answer Incorrect Answer
      B 6200 Correct Answer Incorrect Answer
      C 6400 Correct Answer Incorrect Answer
      D 6500 Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      According to the question, x – 3584 = x × 1.2 × 1.2 – x Or, 0.56x = 3584 Or, x = 6400

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