Mr. X invests ‘P’amount at Simple Interest rate 10% and Mr. Y invests 'Q' amount at Compound Interest rate 5% compounded annually. At the end of two…
CA Foundation · Quantitative Aptitude · MTP · June 2024
Mr. X invests ‘P’amount at Simple Interest rate 10% and Mr. Y invests 'Q' amount at Compound Interest rate 5% compounded annually. At the end of two years both get the same amount of interest, then the relation between two amounts P and Q is given by:
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. P = 41Q / 80
Topics: Part-A: Business Mathematics
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