Question
Simple interest received at the rate of 20% p.a. for 8
years on a principal amount of Rs. 6000 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, (6000 × 0.2 × 8) = 2 × (X × 0.10 × 6) Or, 9600 = 1.2X Or, X = 9600/1.2 = 8000
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