Veer invested Rs.10000 at simple interest for 2 years at the rate of R % and gets an interest of Rs.1400. He invested the total amount (Principal + In...
Question
Veer invested Rs.10000 at simple interest for 2 years at the rate of R% and gets an interest of Rs.1400. He invested the total amount (Principal + Interest) in a scheme, which offered compound interest at the rate of (R% + x%) for two years.
What are the possible integral values of x% so that the obtained compound interest is less than Rs.2400?
(i) 1%
(ii) 2%
(iii) 3%
(iv) 4%
(v) 5%