Read the table carefully and answer the question: Schemes Time (In years) Rate of interest A 30 X 2 − 3 X − 10 = 0 X^2 - 3X - 10 = 0 X 2 − 3 X − 10 = ...
Question
Read the table carefully and answer the question:
| Schemes | Time (In years) | Rate of interest |
|---|---|---|
| A | 30 | |
| B | 20\% | |
| C | 40 | ------ |
Note: (i) If time > rate of interest, then simple interest should be considered in any scheme. (ii) If time < rate of interest, then compound interest should be considered in any scheme. (iii) Some values are missing; you have to calculate according to the questions. (iv) P and Q are two friends and they invested their sum in scheme A and scheme B respectively. Q invested Rs.15000 and sum invested and profit earned by A is same. (v) P also invested some money in scheme C on simple interest and interest earned by her is same as profit earned by scheme A. (vi) Take positive value of equations for time and rate of interest. (vii) Rate in scheme C is greater that rate of interest in scheme A. If P invested her sum fo
Rate at which P invested in scheme C follows the equation and the interest earned by her in scheme A is 160% of amount invested by Q in scheme B. Find the amount received by P from scheme C?