IBPS Clerk Prelims 24 Aug 2024 Shift 1 Paper

A person invests a certain amount for 2 years at an interest rate of 20% per annum under compound interest. The same person invests the same amount for 2 years at a 30% interest rate under simple interest. The difference between the compound interest and simple interest after 2 years is ₹896. What is the invested amount?