Mathematics · Simple Interest
The interest earned on ₹ 8000 when invested in a scheme for 2 years at 7% per annum simple interest is half of the interest earned on another principal amount P invested for 5 years in the same scheme at the same rate of interest. Find the value of P.
- 1₹ 5,000
- 2₹ 6,400✓
- 3₹ 6,000
- 4₹ 6,200
Correct answer
₹ 6,400
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