Mathematics · Simple and Compound Interest
The ratio of two different capital investments is 3 : 4. The difference between the returns earned is Rs 400 when the first sum is placed at the rate of 20% per annum simple interest for 3 years and the second sum is placed at the rate of 20% per annum compound interest for 2 years (compounded annually). What is the value of the sum of the two capital investments?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs 14,000
- 2Rs 40,000
- 3Rs 30,000
- 4Rs 70,000✓
Correct answer
Rs 70,000
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