Question
P invested a certain sum in SIP 'A', which earns compound interest at a rate of 25% per annum for a period of 3 years, resulting in an interest amount of Rs.
P invested a certain sum in SIP 'A', which earns compound interest at a rate of 25% per annum for a period of 3 years, resulting in an interest amount of Rs.
X. He then invested Rs. (2X - 50) at a compound interest rate of 20% per annum, compounded half-yearly for 1 year, and this investment grew to Rs. 3630. Determine the initial amount P invested in SIP 'A'.
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