Query Detail : RBI Grade B Phase I
Mr. Thomas investment an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% per annum and 11% per annum respectively. If the total amount of simple interest earned in 2 years be Rs. 8508, what was the amount invested in scheme B?
Garima, November 6th 2019,
RBI Grade B Phase I