Question
Rahul puts Rs. x in a scheme at 25% p.a. simple interest.
After 3 years, he receives Rs. ‘1.6x – 600’ as interest. What is the value of x?Solution
ATQ,
0.25 × 3 × x = 1.6x – 600
⇒ 0.75x = 1.6x – 600
⇒ –0.85x = –600
⇒ x = 600 ÷ 0.85 = 705.88
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