The difference between the simple interest obtained by investing Rs. 'X' with 8% per annum for an year and by investing Rs. 'X+1400' with 8% per annum for two years is 240 Rs. Find the value of X.

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Accepted Answer

[(X+1400)*8*2/100] - [(X*8*1)/100]= 240 0.16X + 14*16 - 0.08X = 240 0.08X = 240 - 224 0.08X = 16 X = Rs. 200

The difference between the simple interest obtained by investing Rs. 'X' with 8% per annum for an year and by investing Rs. 'X+1400' with 8% per annum for two years is 240 Rs. Find the value of X.

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