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Q. Ramakant invested amounts in two different schemes A and B for five years in the ratio of 5 : 4 respectively. Scheme A offers 8% simple interest and bonus equal to 20% of the amount of interest earned in 5 years on maturity. Scheme B offers 9% simple interest. If the amount invested in scheme A was Rs. 20000, what was the total amount received on maturity from both the schemes?

  • (A) Rs. 50800
  • (B) Rs. 51200
  • (C) Rs. 52800
  • (D) Rs. 58200
  • Correct Answer - Option(C)
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