Question

A person invested Rs. 50,000 in scheme A that offers

Q: Answer-A person invested Rs. 50,000 in scheme A that offers simple interest at 25% p.a. Four years later, t...

ATQ, Amount in scheme A after 4 years 50000 25 4100 50000 100000 Let the amount withdrawn from scheme A be Rs. x. So, amount remaining in A 100000 x. ATQ, after 3 years 100000 x 1.75 30000 x 1.5 100000 x 1.75 30000 3.375x 175000 1.75x 30000 3.375x 205000 5.125x x 40000

simple interest at 25% p.a. Four years later, they withdrew Rs. x from scheme A and placed it in scheme B that offers compound interest of 50% p.a., compounded annually. If three years after moving the money to scheme B, the amount from scheme B exceeded the amount from scheme A by Rs. 30,000, find x.

A 60000

B 45000

C 40000

D 70500

E None of these

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