Mathematics · Simple Interest
A invests a sum of money at simple interest at a certain rate for 6 years, and B invests the same sum of money for the same duration but at a 2% higher rate. If the difference between their simple interests earned over 6 years is ₹360, find the sum of money invested.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹3,200
- 2₹3,000✓
- 3₹2,800
- 4₹2,500
Correct answer
₹3,000
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