Mathematics · Simple Interest
Divide Rs. 2,760 into two parts such that when these are invested for 2 and 4 years, respectively, at the rate of 5% per annum simple interest, the amounts received are equal. What is the smaller part (in Rs.) invested?
- 11,440
- 21,320✓
- 31,500
- 41,100
Correct answer
1,320
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