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’.
    A 4500 Correct Answer Incorrect Answer
    B 4200 Correct Answer Incorrect Answer
    C 4000 Correct Answer Incorrect Answer
    D 4600 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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