A business man invests same amount of sum in two projects with the same rate of interest
12% p.a. for 1.5 years, whereas the project 1 is based on the simple interest and project
2 is based on the compound interest compounded half yearly. If he earns
an excess need
of 1377 in the project 2, find the sum invested.
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A business man invests same amount of sum in two projects with the same rate of interest
12% p.a. for 1.5 years, whereas the project 1 is based on the simple interest and project
2 is based on the compound interest compounded half yearly. If he earns
an excess need
of 1377 in the project 2, find the sum invested.
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