Question

Asmita invested Rs. 3200 for 2 years at an annual simple interest rate of r%, while Shreya invested the same sum as Asmita for 2 years at an annual compound interest rate of r%, compounded annually. If the difference between the interest earned by Asmita and Shreya is Rs. 200, calculate the amount received by Asmita.

A Rs.9800
B Rs.4500
C Rs.6800
D Rs.4800
E none of these
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RBI Grade B 2026 Phase 1 Memory Based Paper
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