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Amit had invested same amount of sums at simple as well as compound interest, compounded annually. The time period of both the sums was 2 years and rate of interest too was same 10% per annum. At the end, he found a difference of ₹97 in both the interests received. What were the sums (in ₹) invested?
8,950
8,800
9,700
10,050
9,700
Practice and solve "Amit had invested same amount of sums at simple as well as compound interest, compounded annually. T..." for Mathematics - Previous Year Paper 2025. The correct answer is Option C: 9,700. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "Amit had invested same amount of sums at simple as well as compound interest, compounded annually. T..." for Mathematics - Previous Year Paper 2025. The correct answer is Option C: 9,700. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.