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    Question

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

    interest of 35% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. (x – 1775), then find the value of ‘x’.
    A 12000 Correct Answer Incorrect Answer
    B 13000 Correct Answer Incorrect Answer
    C 10000 Correct Answer Incorrect Answer
    D 15000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to the question, x – 1775 = x × 1.35 × 1.35 – x Or, 0.1775x = 1775 Or, x = 10000

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