BANK IIFCL Assistant Manager Mock Test Series 2024 Quantitative Aptitude Interest Simple and Compound Both
A invested Rs. x in scheme earning compound interest at 20% per annum for 2 years while B invested Rs. 2x in the same scheme earning simple interest at 10% per annum for 3 years. The difference between the interests earned in the scheme is Rs. 2400. Find the value of ‘x’.
1
Rs. 15,000
2
Rs. 20,000
3
Rs. 25,000
4
Rs. 40,000
5
Rs. 30,000