Question
Rajan invested Rs. ‘x’ at 18% p.a. simple interest for 5 years and Rs. (x + 600) at 20% p.a. compound interest, compounded half yearly for 1 year. The sum of the interest received from the two investments is Rs. 4704. Find the amount received when the Rs. (x + 400) is invested at 15% p.a. simple interest for 3 years. Which of the following statements is true?
Rajan invested Rs. ‘x’ at 18% p.a. simple interest for 5 years and Rs. (x + 600) at 20% p.a. compound interest, compounded half yearly for 1 year. The sum of the interest received from the two investments is Rs. 4704. Find the amount received when the Rs. (x + 400) is invested at 15% p.a. simple interest for 3 years. Which of the following statements is true?
I. Rs. (x + 3160)
II. Rs. (4x/5 + 2480)
III. Rs. (3x/4 + 2780)
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