Classic Jhumka Earrings Silver INR 113.00 Free Shipping Buy Now
Black Jhumka Earrings & Studs INR 94.00 Free Shipping Buy Now
Classic Jhumka Earrings Silver INR 207.00 Free Shipping Buy Now
Beautiful stud earing INR 93.00 Free Shipping Buy Now
Different Size Hoop and Stud Earrings Set INR 243.00 Free Shipping Buy Now
Golden Hoop Earing INR 70.00 Free Shipping Buy Now

    The respective ratio of the sums invested for 2 years each, in Scheme A offering 20% p.a. compound interest (compounded annually) and in Scheme B offering 9% p.a. simple interest is 1 : 3. Difference between the interests earned from both the schemes is INR 1200/- . How much was invested in Scheme A

  • INR 10500/-
  • INR 15000/-
  • INR 12000/-
  • INR 12500/-
  • INR 10000/-
  • Explanation:

    Amount invested in scheme A = INR x

    Amount invested in scheme B = INR 3x

    According to question,

    3x×2×9/100x[(1+20/100)2-1]=1200

    ⇒ 54x/100-x[36/25-1]=1200

    ⇒ 54x/100-11x/25=1200

    ⇒ 54x-44x/100=1200

    ⇒ 10x=1200x100

    ⇒ x=INR 12000/-


Related Question & Answers