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      Question

      Rohit borrowed Rs. 15,000 from his friend at compound

      interest of 20% p.a., compounding annually. He added Rs. 'X' to this money and lent the total sum to Suresh at simple interest of 10% p.a. for 2 years. If total profit earned by Rohit at the end of 2 years is Rs. 1,200, then find the value of 'X'.
      A 16000 Correct Answer Incorrect Answer
      B 18000 Correct Answer Incorrect Answer
      C 20000 Correct Answer Incorrect Answer
      D 24000 Correct Answer Incorrect Answer
      E 15000 Correct Answer Incorrect Answer

      Solution

      Interest to be paid by Rohit = 15000 Γ— {(1.2)Β² βˆ’ 1} = Rs. 6,600 So, interest earned by Rohit = 6600 + 1200 = Rs. 7,800 So, 7800 = {(X + 15000) Γ— 10 Γ— 2} Γ· 100 Or, 78000 = 2X + 30000 Or, 2X = 48000 So, X = 24000

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