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A person invested equal amounts in two scheme A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from the Scheme A as interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%, what will be the total interest after two years both schemes ?
  • a)
    Rs. 4884.48
  • b)
    Rs. 4888.48
  • c)
    Rs. 4884.84
  • d)
    Rs. 4384.48
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A person invested equal amounts in two scheme A and B at the same rat...
C.I−S.I=192
S.I for 1 year =960 Interest on RS960 for 1 year is 192 so rate is =(192×100)/(960×1)=20%
so the principal is =(960×100)/20=4800 when interest is increased is 4% then new rate of interest is 24% So simple interest after two years will be = (4800×2×24)/100=2304 and compound interest rate after two years will be =24+24+(24×24)/100=53.76% Compound interest after two years =(53.76×4800)/100=2580.48 So total interest is = 2304 + 2580.48 = Rs. 4884.48
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A person invested equal amounts in two scheme A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from the Scheme A as interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%, what will be the total interest after two years both schemes ?a)Rs. 4884.48b)Rs. 4888.48c)Rs. 4884.84d)Rs. 4384.48Correct answer is option 'A'. Can you explain this answer?
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A person invested equal amounts in two scheme A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from the Scheme A as interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%, what will be the total interest after two years both schemes ?a)Rs. 4884.48b)Rs. 4888.48c)Rs. 4884.84d)Rs. 4384.48Correct answer is option 'A'. Can you explain this answer? for Railways 2024 is part of Railways preparation. The Question and answers have been prepared according to the Railways exam syllabus. Information about A person invested equal amounts in two scheme A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from the Scheme A as interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%, what will be the total interest after two years both schemes ?a)Rs. 4884.48b)Rs. 4888.48c)Rs. 4884.84d)Rs. 4384.48Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Railways 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A person invested equal amounts in two scheme A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from the Scheme A as interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%, what will be the total interest after two years both schemes ?a)Rs. 4884.48b)Rs. 4888.48c)Rs. 4884.84d)Rs. 4384.48Correct answer is option 'A'. Can you explain this answer?.
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Here you can find the meaning of A person invested equal amounts in two scheme A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from the Scheme A as interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%, what will be the total interest after two years both schemes ?a)Rs. 4884.48b)Rs. 4888.48c)Rs. 4884.84d)Rs. 4384.48Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A person invested equal amounts in two scheme A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from the Scheme A as interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%, what will be the total interest after two years both schemes ?a)Rs. 4884.48b)Rs. 4888.48c)Rs. 4884.84d)Rs. 4384.48Correct answer is option 'A'. Can you explain this answer?, a detailed solution for A person invested equal amounts in two scheme A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from the Scheme A as interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%, what will be the total interest after two years both schemes ?a)Rs. 4884.48b)Rs. 4888.48c)Rs. 4884.84d)Rs. 4384.48Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of A person invested equal amounts in two scheme A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from the Scheme A as interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%, what will be the total interest after two years both schemes ?a)Rs. 4884.48b)Rs. 4888.48c)Rs. 4884.84d)Rs. 4384.48Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A person invested equal amounts in two scheme A and B at the same rate of interest. Scheme A offers simple interest while scheme B offers compound interest. After two years he got Rs. 1920 from the Scheme A as interest and Rs. 2112 from scheme B. If the rate of interest is increased by 4%, what will be the total interest after two years both schemes ?a)Rs. 4884.48b)Rs. 4888.48c)Rs. 4884.84d)Rs. 4384.48Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Railways tests.
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