Correct Answer - Option 1 : Rs. 210
Given:
T1 = 5 years
R1 = 3%
T2 = 2 years
R2 = 4%
P = Rs.3000
Concept used:
Simple interest = (Principal × Rate × Time)/100
Calculations:
For 3 years at 5%
S.I. = (3000 × 3 × 5 )/100 = 450
For 2 years at 4%
S.I. = (3000 × 4 × 2)/100 = 240
X = 450 – 240 = Rs. 210
∴ The value of X is Rs. 210