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ATQ, Let the sum invested in Mutual fund ‘ICICI’ be Rs. ‘a’ Sum invested in Mutual fund ‘Axis’ = Rs. (27000 – a) Simple interest earned from Mutual fund ‘Axis’ = {(27000 – a) × 20 × 5}/100 = Rs. (27000 – a) And, compound interest earned from Mutual fund ‘ICICI’ = a × [{1 + (30/100)}2 – 1] = Rs. ‘0.69a’ According to question: 27000 – a – 0.69a = 1650 Or, 1.69a = 25350 Or, a = 15000
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