Mathematics · Simple and Compound Interest
A invested Rs. x in a scheme earning compound interest at 20% per annum for 2 years, while B invested Rs. 2x in the same scheme earning simple interest at 10% per annum for 3 years. If the difference between the interests earned by them is Rs. 2,400, find the value of 'x'.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 40,000
- 2Rs. 25,000
- 3Rs. 20,000
- 4Rs. 15,000✓
Correct answer
Rs. 15,000
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