Question
A invested Rs. βxβ 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 β 1775), then find the value of βxβ.
Solution
According to the question, x β 1775 = x Γ 1.35 Γ 1.35 β x Or, 0.1775x = 1775 Or, x = 10000
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