Mathematics · Simple and Compound Interest
A sum becomes Rs. (2480 + 40x) in 2 years at 10% p.a. simple interest. The same sum, at the same rate, compounded annually for 2 years, amounts to Rs. (2500 + 41x). Find the value of x.
- 11✓
- 211
- 321
- 410
Correct answer
1
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