Placement Simple Interest Problem 2

Placement Simple Interest Problem 2

Two equal sums of money were invested, one at 4 1/2 % and the other at 4%. At the end of 7 years, the simple interest received from the latter exceeded that received from the former by ₹31.50. Each sum was

  1. ₹1,000

  2. ₹500

  3. ₹750

  4. ₹900

Course Discussion