Mr D invests Rs 3 lakh in Scheme C and some amount in Scheme A He receives a total interest of Rs 4 ...........

Quantitative Aptitude ( CCS) Data Table

Direction : Read the following data and table to answer the following questions.

There are five friends Mr. A, Mr. B, Mr. C, Mr. D and Mr. E. There are three investment schemes in which these five friends can invest their money. The details of these schemes are given below.
(i) Amount cannot be withdrawn before maturity period.
(ii) No reinvestment after maturity period is allowed in any scheme.
(iii) Total Amount(including interest) is payable at the end of the maturity period.

Scheme	Minimum Investment Amount	Maximum Investment Limit	Interest Rate (Simple Interest) p.a	Maturity Period
Scheme A	Rs 5 lakh	Rs 10 lakh	6%	10 years
Scheme B	Rs 2 lakh	Rs 5 lakh	7%	6 years
Scheme C	Rs 1 lakh	Rs 3 lakh	5%	5 years

Mr. D invests Rs 3 lakh in Scheme C and some amount in Scheme A. He receives a total interest of Rs 4,65,000 from both these scheme together. What amount did he invest in Scheme C?

Rs 7,50,000

Rs 7,00,000

Rs 6,50,000

Rs 6,75,000

None of these

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Explanation:

Total interest = Rs 4,65,000
Interest from scheme C = 3Lac*5*5/100 = Rs 75,000
Remaining interest is from scheme A = Rs 4,65,000 – Rs 75,000 = Rs 3,90,000
Find P.

Hence, option 3 is the correct answer.