Question

A sum of Rs. (5x + 500) at 15% per annum earns Rs. 4500

ATQ, Equation for initial investment Calculate the interest with new principal The interest earned with the new investment is Rs.5940.

over 6 years. Find the interest earned when Rs. (7x + 200) is invested at the same rate for the same period.

A Rs.5940

B Rs.3254

C Rs.6012

D Rs.4550

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Solution