Question
Mathematics Question on SI & CI
Jayant invested a sum of Rs. 65,000 in two schemes and received Rs.7275 as interest after 2 years. In scheme I simple interest is payable at 6% per annum and in scheme II compound interest is payable at 5% per annum Find the ratio of sums he invested in scheme I and scheme II.
A
1:1
B
7:6
C
5:4
D
3:4
Answer
7:6
Explanation
Solution
The correct option is (B): 7:6.