A invested Rs. X X X in scheme A which offers simple interest at the rate of 12% per annum for 4 years and receives an interest of Rs. 2160. If Rs. ( ...

Banking SBI PO Prelims Medium Simplification/ Approximation MCQ

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A invested Rs. $X$ in scheme A which offers simple interest at the rate of 12% per annum for 4 years and receives an interest of Rs. 2160. If Rs. $(X + 500)$ is invested in scheme B which offers compound interest at the rate of 10% per annum for 2 years, what is the interest received from scheme B?

Options

Rs. 1090

Rs. 1205

Rs. 1120

Rs. 1050

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A invested Rs. X X X in scheme A which offers simple interest at the rate of 12% per annum for 4 years and receives an interest of Rs. 2160. If Rs. ( ...

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