IPMAT Indore 2024 (MCQ) - Sagarika divides her savings of 10000 rupees to invest across two schemes A and B. Scheme A offers an interest rate of 10\% per annum, compounded half-yearly, while scheme B offers a simple interest rate of 12\% per annum. If at the end of first year, the value of her investment in scheme B exceeds the value of her investment in scheme A by 2310 rupees, then the total interest, in rupees, earned by Sagarika during the first year of investment is | PYQs + Solutions | AfterBoards
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IPMAT Indore 2024

Arithmetic
>
Simple & Compound Interest

Hard

Sagarika divides her savings of 1000010000 rupees to invest across two schemes A and B. Scheme A offers an interest rate of 10%10\% per annum, compounded half-yearly, while scheme B offers a simple interest rate of 12%12\% per annum. If at the end of first year, the value of her investment in scheme B exceeds the value of her investment in scheme A by 23102310 rupees, then the total interest, in rupees, earned by Sagarika during the first year of investment is

Correct Option: 4

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