📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

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

    over 6 years. Find the interest earned when Rs. (7x + 200) is invested at the same rate for the same period.
    A Rs.5940 Correct Answer Incorrect Answer
    B Rs.3254 Correct Answer Incorrect Answer
    C Rs.6012 Correct Answer Incorrect Answer
    D Rs.4550 Correct Answer Incorrect Answer

    Solution

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

    Practice Next
    More Simple and compound interest Questions
    ask-question