Question
Rahul placed Rs. 40,000 between two investment options, ‘E’ and ‘F’, for 6 years and 3 years, respectively. Option ‘E’ accrues simple interest at 10% per annum, and option ‘F’ grows by compound interest (compounded annually) at 20% per annum. What amount was put into option ‘F’ if the interest from ‘E’ exceeds that from ‘F’ by Rs. 1,200?
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