Question
Meera deposited Rs. ‘W’ in a bank offering compound interest of 9% p.a. compounded annually. After 3 years, she invested the amount received from the bank in scheme ‘G’ and ‘H’ in the ratio of 5:4 respectively. Scheme ‘H’ offers compound interest of 25% p.a. compounded annually while scheme ‘G’ offers simple interest of 10% p.a. If total interest received by her from schemes G and H together at the end of 2 years is Rs. 2970, then find the value of ‘W’.
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