defence exam Indian Navy Fireman/Fire Engine Driver Mock Test 2024 Quantitative Aptitude Interest Simple and Compound Both
Amal and Bimal invested some amount in a bank at an interest rate of 10%. Amal selected a plan in which interest amount calculated annually in simple method. In Bimal's plan interest calculated annually by the compound interest method. If both received the same interest amount after 2 years, what will be the ratio of investments made by Amal and Bimal?
1
21 : 20
2
11 : 10
3
10 : 11
4
20 : 21