Mathematics · Simple Interest
A scholarship fund when held in a high-yield account at the rate of 22% simple interest per annum for 5 years earns Rs 2,760 more interest than when held at the rate of 16% per annum simple interest for 4 years. What is the scholarship fund?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs 6,500
- 2Rs 5,000
- 3Rs 6,000✓
- 4Rs 5,500
Correct answer
Rs 6,000
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