Mathematics for FinancePYQ Dec 22Question 1239 of 462
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Mr. Prakash invested money in two schemes 'A' and 'B' offering compound interest at the rate of 8%\displaystyle 8\% and 9%\displaystyle 9\% p.a. respectively. If the total amount of interest accrued through these two schemes together in two years was 4,816.30\displaystyle 4,816.30 and total amount invested was 27,000\displaystyle 27,000. What was the amount invested in schemes 'A'?

Options

A12,000\displaystyle 12,000
B12,500\displaystyle 12,500
C13,000\displaystyle 13,000
D13,500\displaystyle 13,500
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Correct Answer

Option b12,500\displaystyle 12,500

All Options:

  • A12,000\displaystyle 12,000
  • B12,500\displaystyle 12,500
  • C13,000\displaystyle 13,000
  • D13,500\displaystyle 13,500

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