Multiple choice

Rahul invested certain amount in two amount in two different schemes A and B . Scheme A offer simple interest at the rate of 12% per annum and scheme B offer compound interest at the rate of 10% percent per annum interest accured on the amount invested in scheme A in 2 years was Rs. 3600 and the total amount invested was Rs 35000 what was the interest accured on the amount invested in scheme B?

  1. 4500

  2. 4400

  3. 4200

  4. 3700

  5. 5000
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

For Scheme A (12% SI for 2 yrs): 3600 = P×12×2/100, so P=15000. Total investment = 35000, so Scheme B gets 20000. CI on 20000 at 10% for 2 yrs = 20000(1.1²-1)=4200. Option C correct.

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