A man invests an amount of Rs P each in two different schemes, A and B. Scheme A offers compound interest at 10% per annum, while scheme B offers comp...
Question
A man invests an amount of Rs P each in two different schemes, A and B. Scheme A offers compound interest at 10% per annum, while scheme B offers compound interest at 20% per annum. Both investments are for a duration of 2 years. If the difference between the compound interest earned from the two schemes is Rs 3105, find the value of P.