Mathematics · Compound Interest
Amit invested equal principal amounts in two different schemes for a duration of 2 years at an interest rate of 6% per annum. The first scheme earned simple interest, while the second earned compound interest (compounded annually). If the difference between the compound interest and the simple interest received at the end of the term was ₹81, determine the principal amount (in ₹) invested in each scheme.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 121,750
- 222,850
- 322,500✓
- 421,600
Correct answer
22,500
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Mathematics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Compound Interest MCQs →Want more practice questions on Compound Interest?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Mathematics · Compound Interest