Simple and Compound Interest Doubts
2
Posts
2
Users
0
Likes
1,059
Views
Topic starter
A person decides to invest his savings of 10000 Rs partly in two schemes A and B. Scheme A gives a compound interest for 3 years at 10% p.a. whereas scheme B gives Simple interest at 10% p.a. for 5 years. The interests received in both the schemes is equal. The amount invested in compound interest is:
a) 5082
b) 6093
c) 5179
d) 5221
e) 6017
Posted : 01/04/2021 5:50 pm
Posted : 27/06/2021 3:54 pm