Question
Simple interest received at the rate of 15% p.a. for 4
years on a principal amount of Rs. 8000 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, (8000 × 0.15 × 4) = 2 × (X × 0.10 × 6) Or, 4800 = 1.2X Or, X = 4800/1.2 = 4000
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