Question

    Raj invested equal amounts in two schemes x and y at

    compound interest. In scheme x, the rate of interest was 8% per annum and in scheme y the rate of interest was 10%. The compound interest on the amount invested in scheme X in 2 years was Rs.1050. How much interest will be received in scheme y after 2 years. If the rate of interest is compounded annually in both the schemes.
    A 1372 Rs Correct Answer Incorrect Answer
    B 1392 Rs Correct Answer Incorrect Answer
    C 1272 Rs Correct Answer Incorrect Answer
    D 1325 Rs Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

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