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Banking Quantitative Aptitude Simple Interest Question Bank Simple Interest and Compound Interest

  • question_answer
    A sum of money Rs. 10200 is invested in 2 schemes. \[{{I}^{st}}\]scheme has offered compound interest at the rate 10% for 2 years and \[I{{I}^{nd}}\]scheme has offered S.I. at the rate 5% per annum for 6 years. From both scheme equal interest is obtained. Find the sum invested at simple interest.

    A) Rs. 4200

    B) Rs. 4800

    C) Rs. 6000

    D) Rs. 5800

    E) Rs. 5000

    Correct Answer: A

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