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Two equal some of money were invested at an annual rate of 10%, One sum at simple interest and other at compound interest, If the difference between the interest after 2 years was Rs.100, What were the sum invested ?
  • a)
    25,000
  • b)
    100000
  • c)
    20,000
  • d)
    10,000
  • e)
    50,000
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Two equal some of money were invested at an annual rate of 10%, One su...
Correct Answer :- d
Explanation : Assume X = 100
SI = 120
CI = 121
100 mean difference is 1
200 mean difference is 2
Therefore, 10000 mean difference is 100.
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Most Upvoted Answer
Two equal some of money were invested at an annual rate of 10%, One su...
Correct Answer :- d
Explanation : Assume X = 100
SI = 120
CI = 121
100 mean difference is 1
200 mean difference is 2
Therefore, 10000 mean difference is 100.
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Community Answer
Two equal some of money were invested at an annual rate of 10%, One su...
There is a trick that

principle=difference×100/rate×100/rate

only applicable for 2 year
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Question Description
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