Question

Sunil invested Rs. ‘4x’ in scheme ‘A’ offering

Q: Answer-Sunil invested Rs. ‘4x’ in scheme ‘A’ offering simple interest of 20% p.a. and reinvested the intere...

According to question 1.44 0.20 4 4x 1440 Or, 0.25 4 5x 1000 Or, x 312.5 So, 16x 16 312.5 5000

simple interest of 20% 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. 1440, then find the value of ‘16x’.

A 5500

B 5250

C 5000

D 5350

E None of these

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Sunil invested Rs. ‘4x’ in scheme ‘A’ offering

Solution