Question

A sum of money is divided into two parts in the ratio 3:2. Larger part is invested at compound interest at$10\%$per annum for 3 years. Smaller part is invested at compound interest at$20\%$per annum for 2 years. Total interest earned is Rs.9,365. What was the sum of money?

• A. Rs.20,000
• B. Rs.24,000
• C. Rs.25,000
• D. Rs.30,000

Answer 1

Answer: (C)

Rs.25,000

Answer 2

The correct answer is (C);Rs.25,000