‘B’ invested a certain amount of his savings in a PPF account in November. Find the amount invested by ‘B’ in the PPF account. Given: (I) The amount i...
Question
‘B’ invested a certain amount of his savings in a PPF account in November. Find the amount invested by ‘B’ in the PPF account.
Given:
(I) The amount invested by ‘B’ in the PPF account is 62.5% less than the amount spent by ‘B’ in April, and the difference between the amount spent by ‘B’ in November and April is Rs. 16,000.
(II) ‘B’ invested 37.5% of his savings in the PPF account, and the difference between ‘B’s savings in November and April is Rs. 16,000.
Which of the following statements is/are sufficient to answer the question?