Question
Mr. P invested Rs. β10xβ 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. 1440, then find the value of β13xβ.Solution
According to question; 1.44 Γ {0.20 Γ 4 Γ 10x} = 1440 Or, {0.20 Γ 4 Γ 10x} = 1000 Or, x = 125 So, 13x = 13 Γ 125 = 1625
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