Question

Amit invested Rs. (x + 150) in Scheme A at a simple

Q: Answer-Amit invested Rs. (x + 150) in Scheme A at a simple interest rate of 15% p.a. for 4 years, and the i...

For Scheme A, SI P R T 100 900 x 150 15100 4 900 x 150 0.6 x 150 900 0.6 x 150 1500 x 1350 For Scheme B, Amount invested 5x 5 1350 Rs. 6750 Total amount after 2 years Rs. 8910 Simple interest from Scheme B 8910 6750 Rs. 2160 Now, 2160 6750 R100 2 2160 135R R 2160 135 R 16

interest rate of 15% p.a. for 4 years, and the interest received is Rs. 900. He then invested Rs. 5x in Scheme B at R% p.a. simple interest, and the total amount received from Scheme B after 2 years is Rs. 8910. Find the value of R.

A 36%

B 16%

C 42%

D 24%

E None of these

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