Question Paper from: RBI Assistant Mains 2017

A sum of money invested for 12 years was in Scheme A which offers simple interest at a rate of 10% p.a. The amount received from Scheme A after 12 years was then invested for two years in Scheme B which offers compound interest (compounded annually) at a rate of 15% p.a. If the interest received from Scheme B was Rs 7,095, what was the sum invested in Scheme A?

1:

Rs 9,500 

2:

Rs 12,500

3:

Rs 11,500

4:

Rs 10,500

5:

 Rs 10,000

Solution:
Chapter Name: Simple Interest

This has been asked in Question Paper

RBI Assistant Mains 2017

Attempt

More Questions From Paper

Chapters. Banking Awareness

Expand BCSBI - 

Chapters. Current Affairs

Who is the governor of Meghalaya

Chapters. Current Affairs

 What is ‘Sowa-Rigpa’? 

Chapters. Banking Awareness

In LAB, A stands for what 

Chapters. Current Affairs

Amman is the capital of which country

Chapters. Banking Awareness

What is the full form of BCSBI

prepsutra-app-download android ios

Download the PrepSutra app

Download the app for Android devices and prepare on the go - anytime, anywhere!