Mathematics · Interest
Amal invests Rs 12,000 at 8% interest, compounded annually, and Rs 10,000 at 6% interest, compounded semi-annually, both investments being for one year. Bimal invests his money at 7.5% simple interest for one year. If Amal and Bimal get the same amount of interest, then the amount, in Rupees, invested by Bimal is
- 121,480
- 221,240
- 320,920✓
- 420,800
Correct answer
20,920
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