A man invested a certain sum in scheme A at 15% p.a. for 2 years and earned Rs 1950 as simple interest. He increased his sum by Rs. x and invested in ...

Question

A man invested a certain sum in scheme A at 15% p.a. for 2 years and earned Rs 1950 as simple interest. He increased his sum by Rs. x and invested in another scheme B at 10% p.a. compound interest for 2 years and received Rs. 1680 as compound interest. Find the value of x?

Options

A.

Rs. 1750

B.

Rs. 1500

C.

Rs. 1250

D.

None of these

simple interestcompound interestinvestmentinterest ratealgebra

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