- Hi The question for the day is from the topic simple and compound interest. Shawn invested one half of his savings in a bond that paid simple interest for 2Message 1 of 1 , Mar 29 6:54 PMView SourceHi
The question for the day is from the topic simple and compound interest.
Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in these two bonds?
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