Question
Simple interest received at the rate of 12% p.a. for 10
years on a principal amount of Rs. 3600 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, (3600 × 0.12 × 10) = 2 × (X × 0.10 × 6) Or, 4320 = 1.2X Or, X = 4320/1.2 = 3600
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