Banking
Quantitative Aptitude
Simple Interest
Question Bank
Simple Interest and Compound Interest
question_answer
A sum of Rs.7000 is deposited in two schemes. One part is deposited in Scheme A which offers 8% rate of interest. Remaining part is invested in Scheme B which offers 10% rate of interest compounded annually. If interest obtained in scheme A after 4 years is Rs. 226 more than the interest obtained in scheme B after 2 years, find the part deposited in scheme B.