Mathematics · Simple Interest
The interest earned on ₹8000 when invested in a scheme for 2 years at 7% simple interest per annum is half of the interest earned on another amount P invested for 5 years in the same scheme at the same rate of interest. Find the value of P.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹6,200
- 2₹6,000
- 3₹6,400✓
- 4₹5,000
Correct answer
₹6,400
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