Question
Rs. (n + 500) invested on simple interest amounts to Rs.
4,500 and Rs. 5,100 in 5 years and 6 years, respectively. Find the value of 'n'.Solution
ATQ, Interest earned in 1 year = 5,100 - 4,500 = Rs. 600
Interest earned in 5 years = 600 × 5 = Rs. 3,000
So, n + 500 = 4,500 - 3,000
Or, n + 500 = 1,500
Or, n = 1,000
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