Question
"R" made certain investments with a 40% annual compound interest rate that is compounded quarterly. If, 9 months later, he receives Rs. 1,99,650, then the amount invested by 'R' is equal to:
"R" made certain investments with a 40% annual compound interest rate that is compounded quarterly. If, 9 months later, he receives Rs. 1,99,650, then the amount invested by 'R' is equal to:
I. Interest earned on Rs. 1,25,000 invested for four years at a simple interest rate of 30% per annum.
II. The cost of an item that sells for Rs. 2,40,000 after a 40% profit.
III. The difference between 'P' and 'Q''s' savings, assuming that each of them spends 40% of their respective salaries of Rs. (a + 406320) and Rs. (a + 156320).
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