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IBPS RRB Office Assistant 23 Sep 2017 Paper
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© examsnet.com
Question : 47
Total: 80
A total of Rs. 800 was invested in two schemes- A and B- for 2 years each. Schemes A and B offer compound interest at the rate of 10% p.a. and 20% p.a. respectively, both compounded annually. If the total interest earned from both schemes together was Rs. 260, what was the sum invested in scheme B ?
Rs. 270
Rs. 400
Rs. 375
Rs. 325
Rs. 425
Validate
Solution:
(2) Investment in scheme B= Rs.x
∴ Investment in scheme A= Rs.(800 – x)
According to the question
x
[
(
1
+
20
100
)
2
−
1
]
+
(
800
−
x
)
[
(
1
+
10
100
)
2
−
1
]
=
260
⇒
x
[
(
6
5
)
2
−
1
]
+
(
800
−
x
)
[
(
11
10
)
2
−
1
]
=
260
⇒
x
(
36
−
25
25
)
+
(
800
−
x
)
(
121
−
100
100
)
=
260
⇒
11
x
25
+
800
×
21
100
−
21
x
100
=
260
⇒
11
x
25
−
21
x
100
=
260
−
168
⇒
44
x
−
21
x
100
=
92
⇒
23
x
=
9200
⇒
x
=
9200
23
=
R
s
.400
© examsnet.com
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