Latest MBA Aptitude Question SOLUTION: A sum of Rs. 9000 was invested in two different Savings Schemes. Scheme A offered SimpleInterest at the rate of 16% p.a. while Scheme B offered Compound Interest at the rate of 16%

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(#M40014510) MBA question averages, percentages, profit loss and interest Keep an EYE

A sum of Rs. 9000 was invested in two different Savings Schemes. Scheme A offered SimpleInterest at the rate of 16% p.a. while Scheme B offered Compound Interest at the rate of 16% p.a.,with semi-annual compounding. The amount received after two years from Scheme A was eight times the amount received from Scheme B. What were the approximate amounts invested in Scheme A and Scheme B respectively?(a) Rs. 8,000 and Rs. 1,000 (b) Rs. 6,778 and Rs. 2,222(c) Rs. 8,025 and Rs. 975 (d) Rs. 6,000 and Rs. 3,000

1) a
2) b
3) c
4) d

Asked In MBA (11 years ago)

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