Mathematics · Interest
The compound interest received on investing Rs. 5,000 for 2 years at 'y%' p.a., compounded annually, is Rs. 1,272. The simple interest earned on investing Rs. 'K' for 2 years at (y + 3)% p.a. is Rs. 366 more than the compound interest received on investing Rs. (K + 400) for 2 years at (y - 2)% p.a., compounded annually. Find the value of 'K'.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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Correct answer
5000
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