Question

Rs. 10000 invested for 2 years in a scheme offering compound interest (compounded annually) of 15% p.a. gives an interest that is Rs. 25 less than the interest received on investing Rs. Y for a year at simple interest of 25% p.a.. Find the value of ‘Y’.

A 13500
B 13200
C 13000
D 13600
E None of these
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