Question
Riya deposited Rs. x in a savings account that gives 10%
p.a. simple interest. If she received Rs. β1.5x β 1200β as interest after 8 years, find x.Solution
ATQ,
0.10 Γ 8 Γ x = 1.5x β 1200
β 0.8x = 1.5x β 1200
β β0.7x = β1200
β x = 1200 Γ· 0.7 = 1714.29
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