Question
Arun invests Rs.(y – 2000) in a compound interest scheme at a rate of 12% per annum for 3 years. Rina invests Rs.y in a compound interest scheme at a rate of 8% per annum for 4 years. The total amount received by Rina is Rs.3024 more than that of Arun. From the statement given in the above question, which of the following can be determined?
- A Find the value of y
- B Total amount received by Rina
- C Rahul invests Rs.y in a simple interest scheme at a rate of 10% per annum; then find the simple interest received by Rahul?
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