Mathematics · Simple and Compound Interest
'P' invested ₹ 6y and ₹ 4y at 25% per annum simple interest and at 20% per annum compound interest (compounded annually), respectively, for 2 years. If the simple interest received is ₹ 3,100 more than the compound interest, then find the total sum invested by 'P'.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 27,500
- 2₹ 25,000✓
- 3₹ 22,500
- 4₹ 20,000
Correct answer
₹ 25,000
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