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.Solution
ATQ,
0.10 × 8 × x = 1.5x – 1200
⇒ 0.8x = 1.5x – 1200
⇒ –0.7x = –1200
⇒ x = 1200 ÷ 0.7 = 1714.29
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