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    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 Correct Answer Incorrect Answer
    B Rs.40,000 Correct Answer Incorrect Answer
    C Rs.50,000 Correct Answer Incorrect Answer
    D Rs.60,000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    ATQ, X × 12% × 3 – X(1 + 10/100)² + X = 1500 0.36X – 0.21X = 1500 0.15X = 1500 X = 10000 Required value = 5 × 10000 = Rs.50,000

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