Question

A's capital exceeds B's capital by 20.5% invests his capital at 20% p.a. for 3 years, interest compounded annually. At what rate percentage p.a. must A invest his capital at simple interest so that at the end of 3 years,both get the same amount (in INR)? 

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Answer 1

Answer:

14.5

Step-by-step explanation:

A's capital exceeds B's capital by 20.5% invests his capital at 20% p.a. for 3 years, interest compounded annually. At what rate percentage p.a. must A invest his capital at simple interest so that at the end of 3 years,both get the same amount (in INR)?