A bank offers two schemes : An amount of Rs. 1000 was deposited in sch

1.	A bank offers two schemes : An amount of Rs. 1000 was deposited in scheme 1 at 5% p.a. simple interest for 6 years. Another amount of Rs. 1200 was deposited in scheme 2 at 6% p.a. in scheme simple interest for 5 years If by mistake, the amount deposited in scheme 1 was deposited in scheme 2 and vice versa. How much profit/loss did the depositor suffer?
Answer» A bank offers two schemes : An amount of Rs. 1000 was deposited in scheme 1 at 5% p.a. simple interest for 6 years. Another amount of Rs. 1200 was deposited in scheme 2 at 6% p.a. in scheme simple interest for 5 years If by mistake, the amount deposited in scheme 1 was deposited in scheme 2 and vice versa. How much profit/loss did the depositor suffer?

A bank offers two schemes : An amount of Rs. 1000 was deposited in scheme 1 at 5% p.a. simple interest for 6 years. Another amount of Rs. 1200 was deposited in scheme 2 at 6% p.a. in scheme simple interest for 5 years If by mistake, the amount deposited in scheme 1 was deposited in scheme 2 and vice versa. How much profit/loss did the depositor suffer?

Answer»

A bank offers two schemes : An amount of Rs. 1000 was deposited in scheme 1 at 5% p.a. simple interest for 6 years. Another amount of Rs. 1200 was deposited in scheme 2 at 6% p.a. in scheme simple interest for 5 years

If by mistake, the amount deposited in scheme 1 was deposited in scheme 2 and vice versa. How much profit/loss did the depositor suffer?

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