Question

Priya invests Rs. ‘X’ for 3 years in scheme-P offering simple interest at 12% p.a., while Rohan invests the same amount for 2 years in scheme-Q offering compound interest at 10% p.a. If the difference between their interests is Rs. 1500, find the value of 5X.

A Rs.80,000
B Rs.40,000
C Rs.50,000
D Rs.60,000
E None of these
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