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  • Question
  • Rithika had Rs 8000. She invested some of it in savings scheme P and the rest of the money in savings scheme Q. She invested for 3 years in savings scheme P and for 2 years in savings scheme Q. savings scheme P offers SI at a rate of 20% pa while savings scheme Q compounded annually at the rate of 30% pa. The interest received from savings scheme P is 930 more than the interest received from savings scheme Q. If Rs 1500 is debited from the invested amount of savings scheme P then find the difference between the amount invested by Rithika in savings scheme P & savings scheme Q.


  • Options
  • A. Rs 200
  • B. Rs 300
  • C. Rs 400
  • D. Rs 500

  • Correct Answer
  • Rs 500 

    Explanation
    Amount invested in savings scheme P= Rs X

    Amount invested in savings scheme Q= Rs (8000-X)

    Compounding 30 % for 2 years , rate

    30+30+ (30*30)/100= 69 %

    60 % of X-69 % of (8000-X)=930

    X= 5000

    In savings savings scheme Q = 8000-5000=3000

    5000 - 1500 = 3500

    Difference =3500-3000=Rs 500

  • Tags: Bank Exams

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