Equal principal is invested in schemes of compound interest and simple interest. The interest obtained in the compound interest and in the simple interest schemes after 2 years is Rs. 3520 and Rs. 3200 respectively. If the rate of interest is 20%, then what is the principal (in Rs.)?

Equal principal is invested in schemes of compound interest and simple

1.	Equal principal is invested in schemes of compound interest and simple interest. The interest obtained in the compound interest and in the simple interest schemes after 2 years is Rs. 3520 and Rs. 3200 respectively. If the rate of interest is 20%, then what is the principal (in Rs.)?
A.	4000
B.	8000
C.	5000
D.	10000
Answer» C. 5000

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Equal principal is invested in schemes of compound interest and simple interest. The interest obtained in the compound interest and in the simple interest schemes after 2 years is Rs. 3520 and Rs. 3200 respectively. If the rate of interest is 20%, then what is the principal (in Rs.)?

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