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    Question

    Mr. Ajay invested in two schemes A and B contributing

    compound interest @ 5% pa and 7% pa respectively. If the entire amount of interest in two years was тВ╣3499 and the entire amount Funded was тВ╣ 30000, then what was the amount Funded in scheme A?
    A Rs 20,000 Correct Answer Incorrect Answer
    B Rs 15,000 Correct Answer Incorrect Answer
    C Rs 25,000 Correct Answer Incorrect Answer
    D Rs 16,000 Correct Answer Incorrect Answer
    E none of these Correct Answer Incorrect Answer

    Solution

    Scheme A ┬аA x 105 /100 x 105/100 тАУ X Scheme B ┬а(30000 - X) x [7/100 x 107/ 100 -1]┬а Now, 0.1025X + (30000 - X) x 0.1449 = 3499 ┬аX = 848 /424 x 10000 = Rs 20,000┬а

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