Mathematics · Simple and Compound Interest
Amit had invested same amount of sums at simple as well as compound interest, compounded annually. The time period of both the sums was 2 years and rate of interest too was the same, 4% per annum. At the end, he found a difference of ₹45 in both the interests received. What were the sums (in ₹) invested?
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Correct answer
28,125
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