If the same amount is invested for two years at the same rate at compound interest and simple interest, then there will be a difference of Rs. 56 in the interest obtained. If the interest rate is 4% per annum then find the amount invested. (In rupees)

If the same amount is invested for two years at the same rate at compo

1.	If the same amount is invested for two years at the same rate at compound interest and simple interest, then there will be a difference of Rs. 56 in the interest obtained. If the interest rate is 4% per annum then find the amount invested. (In rupees)
A.	34,000
B.	33,000
C.	35,000
D.	32,000
Answer» D. 32,000

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If the same amount is invested for two years at the same rate at compound interest and simple interest, then there will be a difference of Rs. 56 in the interest obtained. If the interest rate is 4% per annum then find the amount invested. (In rupees)

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