Question

Meera had Rs. 3500 with her. She invested Rs. ‘c’ at 14% p.a. simple interest for 6 years and the remaining sum at 20% p.a. compound interest, compounded annually for 2 years. If the total interest received by her is Rs. 2300, then find the value of ‘c’.

A 1250
B 1800
C 1900
D 1350
E None of these
Practice Next

More Simple and compound interest Questions

Relevant for Exams:

Hey! Ask a query