Mathematics · Simple and Compound Interest
A certain sum invested at 20% per annum compound interest compounded annually accumulates to ₹6,048 in 2 years. If 47 of the same principal sum is invested at [x + 5]% per annum simple interest for 5 years, the simple interest earned is ₹1,800. Find the value of x.
- 110✓
- 218
- 312
- 422
Correct answer
10
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