Mathematics · Simple Interest
I split ₹15,000 into two deposits. The first part was deposited for 8 years at a 15% simple annual rate of interest, while the second part was deposited for 12 years at a 20% simple annual rate of interest. If the second part yielded double the interest obtained from the first part, how much more is the deposit amount of the first part compared to the second?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹0✓
- 2₹1,000
- 3₹2,500
- 4₹5,000
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