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    Question

    Sunil invested Rs. ‘5x’ in scheme ‘A’ offering

    simple interest of 25% p.a. and reinvested the interest earned from scheme ‘A’ at the end of 4 years in scheme ‘B’ offering compound interest of 20% p.a. compounded annually. If total amount received from scheme ‘B’ after 2 years is Rs. 1008, then find the value of ‘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 × {0.25 × 4 × 5x} = 1008 Or, {0.25 × 4 × 5x} = 700 Or, x = 140 So, 14x = 14 × 140 = 1960

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