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Mohit has ₹4000 in his account. He deposits ₹1600 on one scheme at 3% p.a. interest rate and ₹2400 on another scheme at 4% p.a. interest rate. Suggest him a scheme that will yield him as much interest as these two schemes for the principal worth ₹4000.

Answer» Mohit has ₹4000 in his account. He deposits ₹1600 on one scheme at 3% p.a. interest rate and ₹2400 on another scheme at 4% p.a. interest rate. Suggest him a scheme that will yield him as much interest as these two schemes for the principal worth ₹4000.


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