Mathematics for FinanceMTP Jun 24Question 1416 of 422
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Mr. X invests 'P' amount at Simple Interest rate $10\%$ and Mr. Y invests 'Q' amount at Compound Interest rate $5\%$ compounded annually. At the end of two years both get the same amount of interest, then the relation between two amounts P and Q is given by:

Options

A$P = \frac{41Q}{80}$
B$P = \frac{41Q}{40}$
C$P = \frac{41Q}{100}$
D$P = \frac{41Q}{200}$
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Correct Answer

Option a$P = \frac{41Q}{80}$

All Options:

  • A$P = \frac{41Q}{80}$
  • B$P = \frac{41Q}{40}$
  • C$P = \frac{41Q}{100}$
  • D$P = \frac{41Q}{200}$

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