Mathematics · Interest Mixture
Bhuvan invested a total sum of Rs. 20,000, partly on simple interest and the remaining on compound interest. If the rate of interest is 10% per annum and he earned a total of Rs. 4120 as interest at the end of 2 years, then find the sum invested on simple interest.
- 1Rs. 7800
- 2Rs. 7500
- 3Rs. 8250
- 4Rs. 8000✓
Correct answer
Rs. 8000
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