regulatoryBody NABARD Grade A Prelims Mock Test 2024 Quantitative Aptitude Interest Compound Interest
Mr. Kumar invested in two schemes, X and Y, offering compound interest at 5% p.a. and 10% p.a. for two years, respectively. If the total amount of interest earned in both the schemes for two years was ₹3340 and the total amount invested was ₹20000, then what was the amount invested in scheme X?
1
Rs. 14000
2
Rs.7000
3
Rs. 8000
4
Rs. 9000
5
Rs. 12000