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| 1. |
Shashi had a certain amount of money. He invested 2/3 of the total money in scheme A for 6 years and rest of the money he invested in scheme B for 2 years. Scheme A offers simple interest at a rate of 12% p.a. and scheme B offers compound interest ( compound annually) at a rate of 10% p.a. If all total interest obtained from both the schemes is Rs. 2750. What was the total amount invested by him in scheme A and scheme B together ? (Approximate value) |
| A. | Rs. 4500 |
| B. | Rs. 4200 |
| C. | Rs. 4050 |
| D. | Rs. 5000 |
| Answer» B. Rs. 4200 | |