1.

Giridhar invested equal money in two schemes. Under Scheme A, the S.I rate was 15 %. and under Scheme B the C.I rate was 20%. The interest after 2 years Scheme B was Rs 45. How much interest in scheme

Answer»

RS 30.68



Amount Invested in Scheme B
= Rs 45/(1.2)² - 1 = Rs 45/1.44 - 1 = Rs. 45/0.44
Interest earned = 45/44 X 100 x 2 x 15/100 = Rs 30.68



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