The interest earned on INR 4000/- when invested in Scheme A for two years at 7% p.a. simple interest is half of the interest earned when INR ‘X’ is invested for five years in the same scheme at the same rate of interest. What is the value of ‘X’

  • 2000
  • 3000
  • 3600
  • 2400
  • 3200
  • Explanation:

    According to question,

    4000×7×2/100=1/2[x×7×5/100]

    X=16000/5

    x=INR 3200/-

 The interest earned on INR 4000/- when invested in Scheme A for two years at 7% p.a. simple in
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