An amount of Rs. 12,200 is invested partly in scheme A at 10% per annum compound interest for 2 years and partly in scheme B at the same rate of 10% p...

Question

An amount of Rs. 12,200 is invested partly in scheme A at 10% per annum compound interest for 2 years and partly in scheme B at the same rate of 10% per annum simple interest for 4 years. If the interest earned from both schemes is the same, what is the amount invested in scheme A?

Options

A.

Rs. 4350

B.

Rs. 4340

C.

Rs. 4200

D.

Rs. 8000

E.

Rs. 8500

compound interestsimple interestinvestmentinterest comparison

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