Question

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.​

Answer 1

Answer:

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.