Mathematics · Compound Interest
Kapil invested ₹25,000 partly at 5% annual compound interest and partly at 10% annual compound interest. If he earned a total of ₹5,501 as interest after 3 years, what is the amount (in ₹) invested at 10% annual interest?
- 19,400
- 29,000✓
- 38,800
- 48,920
Correct answer
9,000
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