Mr Roy invested a equal sum one at 6 percent simple interest and other one at 5 percent compound interest. The former has 486 more as interest after the end of 2 years. Find the sum
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Let each of the equal sums be Rs. x . Then, x × 4.5 × 7/100 - x × 4 × /100 = 31.50 31.5x/100 - 28x/100 = 31.5 3.5x/100 = 31.5 31.5 × 100/3.5 = Rs. 900
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