Mathematics · Simple and Compound Interest
Amit invested equal amounts at simple interest and compound interest, compounded annually, for 2 years at the same rate of 4% per annum. In the end, he noticed a difference of ₹52 between the two interests earned. What was the amount (in ₹) invested in each case?
- 132500✓
- 231600
- 331750
- 432850
Correct answer
32500
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