An amount of Rs P P P is invested in scheme A on compound interest at a rate of 20% p.a. and the same amount is invested in scheme B on simple interes...
Question
An amount of Rs is invested in scheme A on compound interest at a rate of 20% p.a. and the same amount is invested in scheme B on simple interest at a rate of 20% p.a. At the end of two years, the difference between the interest received from both schemes is Rs 260.
Quantity I: If Rs is invested at a rate of 6% p.a. for four years in simple interest, then find the interest received.
Quantity II: Rs 1100
Compare Quantity I and Quantity II: