1.

Raman invested Rs. P for 2 years in scheme A which offered 20% p.a. compound interest (compounded annually). He lent the interest earned from scheme A to Shubh, at the rate of 7.5% p.a. simple. If at the end of 2 years, Shubh gave Rs. 3036 to Raman and thereby repaid the whole amount(actual loan + interest), what is the value of P?

A. Rs. 6000
B. Rs. 5800
C. Rs. 6800
D. Rs. 5400
E. Rs. 6400
Answer» B. Rs. 5800


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