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    Question

    Mr. P invested Rs. β€˜4x’ 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. 5760, then find the value of β€˜5x’.
    A 5200 Correct Answer Incorrect Answer
    B 5300 Correct Answer Incorrect Answer
    C 5000 Correct Answer Incorrect Answer
    D 5500 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    According to question; 1.44 Γ— {0.25 Γ— 4 Γ— 4x} = 5760 Or, {0.25 Γ— 4 Γ— 4x} = 4000 Or, x = 1000 So, 5x = 5 Γ— 1000 = 5000

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