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Mahesh borrowed a certain sum for 2 years at simple interest from Bhim. Mahesh lent this sum to Vishnu at the same rate for 2 years compound interest. At the end of 2 years, Mahesh received 410 rupees as compound interest but paid 400 rupees as a simple interest. Find the sum and rate of interest.

Answer» Mahesh borrowed a certain sum for 2 years at simple interest from Bhim. Mahesh lent this sum to Vishnu at the same rate for 2 years compound interest. At the end of 2 years, Mahesh received 410 rupees as compound interest but paid 400 rupees as a simple interest. Find the sum and rate of interest.


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