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      Question

      Anjali invested Rs.11000 in a scheme offering compound

      interest of x% p.a. compounded annually. If at the end of 2 years, interest received by her from the scheme is Rs.4840 then find the value of โ€˜xโ€™.
      A 10 Correct Answer Incorrect Answer
      B 12 Correct Answer Incorrect Answer
      C 15 Correct Answer Incorrect Answer
      D 20 Correct Answer Incorrect Answer

      Solution

      According t the question, => 4840 = 11000 x [(100 + x)/100]2ย โ€“ 11000 => 15840 = 1.1 x (100 + x)2 => (100 + x)2ย = 14400 => x = 120 โ€“ 100 => x = 20

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