A man invested his savings at the rate of 15% per annum for two years at simple interest (SI). If he had invested the same amount at the rate of 20% p...
Question
A man invested his savings at the rate of 15% per annum for two years at simple interest (SI). If he had invested the same amount at the rate of 20% per annum for two years at compound interest (CI), compounded annually, he would have earned Rs. 280 more as interest. What is the amount of his savings?