Question

Out of his total savings, Ram invested
Rs. 12,000 in Scheme 1 that was offering
compound interest at the rate of 10% for
two years and the remaining amount in
Scheme 2, offering simple interest at 15%
per annum for two years. The ratio of
interests received in both the schemes is
14 : 25. What amount was invested by
Ram in Scheme 2?
(1) Rs. 13,000
(2) Rs. 14,000
(3) Rs. 15,000
(4) Rs. 16,000​

Answer 1

Your answer is

Option no. (3) rs 15000