Question
A man invested Rs. 'C' at simple interest of 20% and Rs. 'C + 2000' at simple interest of 16% p.a., for 3 years each. If the interest earned from both investments is the same, then find the sum invested at the lower rate of interest.
Or, 6C=(C+2000)×4.8 Or, 6C=4.8C+9600 Or, 1.2C=9600 Or, C=8000 So, sum invested at lower interest = 8000 + 2000 = Rs. 10,000More Simple and compound interest Questions
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