Question
Mr. P invested Rs. β5xβ in scheme βAβ offering
simple interest of 20% p.a. and reinvested the interest earned from scheme βAβ at the end of 4 years in scheme βBβ offering compound interest of 20% p.a. compounded annually. If total amount received from scheme βBβ after 2 years is Rs. 4320, then find the value of β10xβ.Solution
According to question; 1.44 Γ {0.20 Γ 4 Γ 5x} = 4320 Or, {0.2 Γ 4 Γ 5x} = 3000 Or, x = 750 So, 10x = 10 Γ 750 = 7500
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