IBPS
Government Jobs Exams
Numerical Ability
Simple & Compound Interest
Ronnie invested Rs.P in a scheme A offering simple interest at 12% p.a. for two years. He invested the whole amount he received from scheme A, in another scheme B offering simple interest 15% p.a. for two years. If the difference between the interest earned from schemes A and B was Rs. 264/, what is the value of P ?
A) Rs. 2,640 B) Rs. 2,500 C) Rs. 2,250 D) Rs.1,800 E) Rs. 2,000
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