Mathematics · Compound Interest
Sandeep invested a certain amount in Company P which offers compound interest (compounded annually) at 5% p.a., and an amount equal to 50% of that initial sum was invested in Company Q, which offers compound interest (compounded annually) at 10% p.a. The duration of investment for both companies was 2 years. If the difference between the total amounts received from both companies at the end of 2 years is Rs. 6,965, what is the difference between the sums invested in the two companies?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Rs. 6,600
- 2Rs. 7,900
- 3Rs. 8,400
- 4Rs. 7,000✓
Correct answer
Rs. 7,000
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Compound Interest MCQs →Want more practice questions on Compound Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Compound Interest