Question

A person invests ₹25,000 in a scheme offering 12% annual simple interest. After 3 years, the amount is withdrawn and some amount invested in another scheme offering 15% annual simple interest. If the total interest earned after 8 years is ₹13,500, find the principal amount invested in the second scheme.

A ₹3,500
B ₹3,000
C ₹5,000
D ₹6,000
Practice Next

More Simple and compound interest Questions

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)