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      Question

      A invested Rs. β€˜x’ in a scheme offering compound

      interest of 40% p.a. compounded annually. If at the end of 2 years, interest received by A was Rs. (x – 1792), then find the value of β€˜x’.
      A 44500 Correct Answer Incorrect Answer
      B 44300 Correct Answer Incorrect Answer
      C 44800 Correct Answer Incorrect Answer
      D 44900 Correct Answer Incorrect Answer

      Solution

      According to the question, x – 1792 = x Γ— 1.4 Γ— 1.4 – x Or, 0.04x = 1792 Or, x = 44800

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