Ronnie invested Rs.P in a scheme A offering simple interest

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IBPS PO 23-Oct-2016 With Answers
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M: +1.00/-0.25

Ronnie invested Rs.P in a scheme A offering simple interest at 12% p.a. for two years. He invested the whole amount he received from scheme A, in another scheme B offering simple interest 15% p.a. for two years. If the difference between the interest earned from schemes A and B was Rs.264/, what is the value of P ?

[IBPS PO 23-Oct-2016 With Answers]

A Rs.2,640

B Rs.2,500,

C Rs.2,250,

D Rs.1,800,

E Rs.2,000