Mathematics · Algebra
A person 'P' invested Rs. 'x' at a 20% compound interest rate, compounded annually for 2 years. He then invested half of the total compound interest received at a 40% p.a. simple interest rate for 8 years, which accumulated to a final amount of Rs. 2310. Which of the following expressions correctly represents the total amount received by 'P' from the initial compound interest investment? (I) Rs. (x + 1100) (II) Rs. (0.5x + 2350) (III) Rs. (0.75x + 1625)
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only II and Only III
- 2Only I and Only III
- 3Only I and Only II✓
- 4Only I
Correct answer
Only I and Only II
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