Question

Mr. P invested Rs. ‘4x’ 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. 5760, then find the value of ‘5x’.

A 5200
B 5300
C 5000
D 5500
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query