Question
Simple interest received at the rate of 15% p.a. for 2
years on a principal amount of Rs. 9000 is twice of the simple interest received at 10% p.a. for 6 years on the principal amount of Rs. ‘X’. Find the value of ‘X’.Solution
According to the question, (9000 × 0.15 × 2) = 2 × (X × 0.10 × 6) Or, 2700 = 1.2X Or, X = 2700/1.2 = 2250
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