Question
P invested Rs. x at 10% per annum simple interest for 2
years and Q invested Rs. (x + 500) at 12% per annum simple interest for 3 years. If the total interest earned by both is Rs. 460, find the value of x.Solution
ATQ:
(x × 10 × 2)/100 + {(x + 500) × 12 × 3}/100 = 460
20x + 36x + 18000 = 46000
56x = 28000
x = Rs. 500
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