πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    Sunil invested Rs. β€˜5x’ in scheme β€˜A’ offering

    simple interest of 25% p.a. and reinvested the interest earned from scheme β€˜A’ at the end of 4 years in scheme β€˜B’ offering compound interest of 20% p.a. compounded annually. If total amount received from scheme β€˜B’ after 2 years is Rs. 1008, then find the value of β€˜14x’.
    A 1260 Correct Answer Incorrect Answer
    B 1660 Correct Answer Incorrect Answer
    C 1900 Correct Answer Incorrect Answer
    D 1960 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to question; 1.44 Γ— {0.25 Γ— 4 Γ— 5x} = 1008 Or, {0.25 Γ— 4 Γ— 5x} = 700 Or, x = 140 So, 14x = 14 Γ— 140 = 1960

    Practice Next

    Relevant for Exams:

    ask-question