Question:
A sum of money is divided into two parts in the ratio 3:2. Larger part is invested at compound interest at\(10\%\)per annum for 3 years. Smaller part is invested at compound interest at\(20\%\)per annum for 2 years. Total interest earned is Rs.9,365. What was the sum of money?
A sum of money is divided into two parts in the ratio 3:2. Larger part is invested at compound interest at\(10\%\)per annum for 3 years. Smaller part is invested at compound interest at\(20\%\)per annum for 2 years. Total interest earned is Rs.9,365. What was the sum of money?
Updated On: Oct 23, 2024
- Rs.20,000
- Rs.24,000
- Rs.25,000
- Rs.30,000
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The Correct Option is C
Solution and Explanation
The correct answer is (C);Rs.25,000
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