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    Question

    Karan saved Rs. x in a fixed deposit at 12% simple interest

    per annum. If the total interest after 5 years amounts to Rs. ‘1.8x – 1000’, determine the value of x.
    A 833.33 Correct Answer Incorrect Answer
    B 625.45 Correct Answer Incorrect Answer
    C 714.29 Correct Answer Incorrect Answer
    D 265.55 Correct Answer Incorrect Answer

    Solution

    ATQ,

    0.12 × 5 × x = 1.8x – 1000

    ⇒ 0.6x = 1.8x – 1000

    ⇒ –1.2x = –1000

    ⇒ x = 1000 ÷ 1.2 = 833.33

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