Mathematics · Simple Interest
The interest earned on ₹4000 when invested in Scheme A for two years at 7% per annum simple interest is half of the interest earned when 'X' is invested for five years in the same scheme at the same rate of interest. What is the value of X?
- 1₹3200✓
- 2₹3000
- 3₹2800
- 4₹2000
Correct answer
₹3200
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