Mr. A deposited an amount in Scheme II with Company B for two years. After that he withdrew the amount and reinvested only the principle amount in scheme IV of company A for two years. Total amount of simple interest accrued from the two schemes is Rs. 15,120. What was the principle amount?

Mr. A deposited an amount in Scheme II with Company B for two years. A

1.	Mr. A deposited an amount in Scheme II with Company B for two years. After that he withdrew the amount and reinvested only the principle amount in scheme IV of company A for two years. Total amount of simple interest accrued from the two schemes is Rs. 15,120. What was the principle amount?
A.	Rs. 48,000
B.	Rs. 42,000
C.	Rs. 40,000
D.	Can't be determined
E.	None of these
Answer» C. Rs. 40,000

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Mr. A deposited an amount in Scheme II with Company B for two years. After that he withdrew the amount and reinvested only the principle amount in scheme IV of company A for two years. Total amount of simple interest accrued from the two schemes is Rs. 15,120. What was the principle amount?

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