Mathematics · Interest
Anu invested a certain sum in schemes A and B for 2 years in the ratio 3 : 5 respectively. Schemes A and B offer compound interest (compounded yearly) and simple interest respectively. The rate of interest in A is 20% p.a. and that in B is 5% less than that in A. If the total interest received from scheme B is ₹900 more than that from scheme A, then the sum invested in scheme B is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹25,800
- 2₹25,000✓
- 3₹15,600
- 4₹15,000
Correct answer
₹25,000
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