Question:
Jayant invested a sum of Rs. 65,000 in two schemes and received Rs.7275 as interest after 2 years. In scheme I simple interest is payable at 6% per annum and in scheme II compound interest is payable at 5% per annum Find the ratio of sums he invested in scheme I and scheme II.
Jayant invested a sum of Rs. 65,000 in two schemes and received Rs.7275 as interest after 2 years. In scheme I simple interest is payable at 6% per annum and in scheme II compound interest is payable at 5% per annum Find the ratio of sums he invested in scheme I and scheme II.
Updated On: Jul 3, 2024
- 1:1
- 7:6
- 5:4
- 3:4
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
The correct option is (B): 7:6.
Was this answer helpful?
0
0
Top Questions on SI & CI
- Cynthia has borrowed Rs. 6,000 at the rate of 7% S.I. What amount does she need to pay after 3 years to clear the debt?
- A man deposited Rs.1,000 in a bank. In return he got Rs.1,331. Bank gave interest 10% per annum. How long did he keep the money in the bank?
- The difference between the compound interest, compounded annually and the simple interest on a certain sum for 2 years at 6% per annum is Rs.18. Find the sum.
- If Rakesh borrows Rs. 36,000 from Sathesh at a rate of interest 6% S.I, at the end of four years, how much interest does Rakesh have to pay?
- Sarah's age is now five times that of her nephew Jack. If Jack will be 11 years old, in 3 years, how old will Sarah be then?
View More Questions
Questions Asked in CUET PG exam
- What is the correct verb form: He, as well as his friends, ?
- Which preposition is correct: Chanakya lived ?
- CUET (PG) - 2025
- Prepositions
- Identify the possessive noun: My office car is parked elsewhere.
- Which tense is appropriate: How did Saira ?
- Complete the sentence: There is a growing synthesis between humanism and ?
- CUET (PG) - 2025
- Sentence Completion
View More Questions