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Sandeep invested a certain amount in Reliance Infra Private Limited which offers compound interest (compounded annually) at 5% p.a. and an amount equal to 50% of that amount was invested in Reliance Jio, which offers compound interest (compounded annually) at 10% p.a. The duration of investment for both the companies was 2 years. If the difference between the amount received from both the companies is Rs.6,965, what is the difference between the sums invested in the two companies ?
Correct Answer: (a)
Official keyThis question appeared in the APPSC Prelims 2024 examination (Aptitude (Group-I)). It is Question 35 out of 386 questions in this paper. Section: General Mental Ability, Administrative and Psychological Abilities.
This question was part of the APPSC Prelims 2024 (Aptitude (Group-I)). The APPSC Prelims examination tests candidates on general studies, current affairs, and aptitude through multiple-choice questions.
Practice previous year questions from all APPSC Prelims papers and compare patterns with UPSC Prelims PYQ to identify overlapping topics.