Mathematics · Simple Interest

A microfinance disbursement of Rs. (X + 2000) at 7.5% per annum simple interest for 6 years amounts to Rs. (1.2X + 6300). What is the value of X?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

114600
213600✓
311600
417200

Correct answer

13600

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A microfinance disbursement of Rs. (X + 2000) at 7.5% per annum simple interest for 6 years amounts to Rs. (1.2X + 6300). What is the value of X?

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A microfinance disbursement of Rs. (X + 2000) at 7.5% per annum simple interest for 6 years amounts to Rs. (1.2X + 6300). What is the value of X?

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