Karan invested a principal amount P for 2 years in scheme A which offers 20% per annum compound interest. The amount received after 2 years from schem...
Question
Karan invested a principal amount P for 2 years in scheme A which offers 20% per annum compound interest. The amount received after 2 years from scheme A is then reinvested in scheme B for 4 years at 25% per annum simple interest. If the total interest earned from scheme B exceeds the original principal P by Rs 16,500, find the value of P.