Veer and Anurag invested Rs. x x x and Rs. x + 300 x + 300 x + 300 respectively for 2 years. Veer invested his amount at simple interest at the rate o...
Question
Veer and Anurag invested Rs. and Rs. respectively for 2 years. Veer invested his amount at simple interest at the rate of 10% per annum, while Anurag invested his amount at compound interest at 12.5% per annum, compounded annually. If Anurag received Rs. 480 more as interest than Veer, find the amount invested by Anurag.