Ashok invests a certain sum of money at ...

Ashok invests a certain sum of money at 20% per annum, compounded yearly. Geeta invests an equal amount of money at the same rate of interest per annum compounded half-yearly. If Geeta gets Rs 33 more than Ashok in 18 months, calculate the money invested.

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The correct Answer is:

Rs 3,000

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ICSE-COMPOUND INTEREST (USING FORMULA)-EXERCISE 3(C)

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