CGT E 2021(2022)-13

Author : Admin Astan

Topic updated on 04/26/2023 11:07am

Mr. Silva deposited on the same day a total of Rs. 150 000 in two banks A and B, at simple annual interest rates of 8% and 10% respectively. After a period of two years, he earned a total simple interest of Rs. 27 200 for his two deposits. What was the amount he initially deposited in the bank B?

 

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