The respective ratio of the sum invested for 2 years each in Scheme a offering 10% p.a. compound interest (compounded annually) and in Scheme B offering 8% simple interest is 1:2 . Difference between the interests earned from both the scheme is INR 990/-. How much was invested in Scheme A

  • INR 9500/-
  • INR 9000/-
  • INR 12000/-
  • INR 11000/-
  • INR 10000/-
  • Explanation:

    Amount invested in scheme A =x

    Amount invested in scheme B = 2x

    According to question,

    2x×8×2/100-x[(1+10/100)2-1]=990

    32x/100-21x/100=990

    11x=99000

    x=INR 9000/-

The respective ratio of the sum invested for 2 years each in Scheme a offering 10% p.a. compound int
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