A man invested Rs. X X X at 15% simple interest and Rs. 2 X 2X 2 X at 8% compound interest (compounded annually) for 2 years. If the difference betwee...

Question

A man invested Rs. XX at 15% simple interest and Rs. 2X2X at 8% compound interest (compounded annually) for 2 years. If the difference between the compound interest and simple interest received after 2 years is Rs. 820, find the value of XX.

Options

A.

Rs. 25000

B.

Rs. 30600

C.

Rs. 28600

D.

Rs. 22200

E.

Rs. 26200

simple interestcompound interestinterest calculationalgebra

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