New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Riya deposited Rs. x in a savings account that gives 10%

    p.a. simple interest. If she received Rs. ‘1.5x – 1200’ as interest after 8 years, find x.
    A 1636.36 Correct Answer Incorrect Answer
    B 1225.45 Correct Answer Incorrect Answer
    C 1714.29 Correct Answer Incorrect Answer
    D 2065.55 Correct Answer Incorrect Answer

    Solution

    ATQ,

    0.10 × 8 × x = 1.5x – 1200

    ⇒ 0.8x = 1.5x – 1200

    ⇒ –0.7x = –1200

    ⇒ x = 1200 ÷ 0.7 = 1714.29

    Practice Next