Mathematics · Simple Interest
A person invested a certain amount at 12% simple interest and another amount at 10% simple interest. He received an annual interest of ¹130. However, if he had interchanged the invested amounts, he would have received ¹4 more interest. How much did he invest at the rate of 12% simple interest originally?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1¹600
- 2¹560
- 3¹650
- 4¹500✓
Correct answer
¹500
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