Mathematics · Compound Interest
Two persons X and Y invested money at r% per annum compound interest. After 2 years, X earned Rs. 176 more interest than Y. The difference between their investments was Rs. 400. The amount received by Y after 2 years was Rs. 5760. Find the simple interest obtained if X invests his principal at the same interest rate for the same duration.
- 11140
- 21760✓
- 31570
- 41860
Correct answer
1760
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