Question

Priya deposited Rs. 'p' and Rs. (p + 400) in two schemes, A and B, for 2 years each. Schemes A and B offer 10% and 12% simple interest respectively. If the total interest from both schemes is Rs. 1,168, calculate the value of 'p'.

A 2520
B 3350
C 1576
D 3160
E None of these
Practice Next

More Simple and compound interest Questions

Relevant for Exams:

Hey! Ask a query