Question
Nikhil invested a total of ₹7000 in two different schemes offering simple interest. Scheme A offers an interest rate of 10% per annum, while Scheme B offers 14% per annum. He invested in Scheme A for 3 years and in Scheme B for 2 years. The total interest earned from both schemes together amounts to ₹2040. Find the difference between the amounts invested in Scheme A and Scheme
Nikhil invested a total of ₹7000 in two different schemes offering simple interest. Scheme A offers an interest rate of 10% per annum, while Scheme B offers 14% per annum. He invested in Scheme A for 3 years and in Scheme B for 2 years. The total interest earned from both schemes together amounts to ₹2040. Find the difference between the amounts invested in Scheme A and Scheme
B.
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