Mathematics · Interest
Anil invests Rs. 22,000 for 6 years in a certain scheme with 4% interest per annum, compounded half-yearly. Sunil invests in the same scheme for 5 years, and then reinvests the entire amount received at the end of 5 years for one year at 10% simple interest. If the amounts received by both at the end of 6 years are same, then the initial investmen t made by Sunil, in rup ees, is
- 120,808✓
- 221,200
- 320,400
- 421,600
Correct answer
20,808
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