Question

Raj invested equal amounts in two schemes x and y at

Q: Raj invested equal amounts in two schemes x and y at compound interest. In scheme x, the rate of int

imgsrchttpswwwixambeecomquestionimageChapter16933857508PNGalt

compound interest. In scheme x, the rate of interest was 8% per annum and in scheme y the rate of interest was 10%. The compound interest on the amount invested in scheme X in 2 years was Rs.1050. How much interest will be received in scheme y after 2 years. If the rate of interest is compounded annually in both the schemes.

A 1372 Rs

B 1392 Rs

C 1272 Rs

D 1325 Rs

E None of these