IBPS
Government Jobs Exams
Numerical Ability
Simple & Compound Interest
Rakesh invested Rs. P in a scheme A offering simple interest at 15% p.a. for two years. He invested the whole amount he received from scheme A, in another scheme B offering simple interest 18% p.a. for two years. If the difference between the interest earned from schemes A and B was Rs. 1680/, what is the value of P ?
A)Rs. 8000 B)Rs. 12000 C)Rs. 10000 D)Rs. 9000 E)None of these
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