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    Question

    Simple interest received at the rate of 20% p.a. for 6

    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’.
    A 9200 Correct Answer Incorrect Answer
    B 9600 Correct Answer Incorrect Answer
    C 9000 Correct Answer Incorrect Answer
    D 9700 Correct Answer Incorrect Answer

    Solution

    According to the question, (9000 × 0.20 × 6) = 2 × (X × 0.10 × 6) Or, 10800 = 1.2X Or, X = 10800/1.2 = 9000

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