Mathematics · Simple and Compound Interest
Amit invested equal amounts under simple interest and compound interest (compounded annually). The time period of investment for both schemes was 2 years, and the rate of interest was 6% per annum for both. At the end of two years, he found that the difference between the compound interest and simple interest received was ₹63. What was the sum (in ₹) invested in each scheme?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 116,600
- 216,750
- 317,500✓
- 417,850
Correct answer
17,500
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