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<html><body><h2 id="content-id-3519246708-2"><b>SI And CI Mix Questions Overview</b></h2><p>SI And CI Mix Questions have a good weightage in the Sbi Po Exam and the type of question asked in Sbi Po exam is similar to the question mentioned below. It has been solved and explained by KD Live Experts under the guidance of Neetu Mam and they have tried to elaborate the concept used in SI And CI Mix Questions.</p><h2 id="content-id-0461589273-3"><b>Question On SI And CI Mix </b></h2>A person invests a total of Rs. 12,000 across two different financial plans. The first part, Rs. P, is invested at 15% simple interest per annum for 3 years. The remaining part is invested at 10% compound interest per annum (compounded annually) for 2 years. If the total interest received from the simple interest scheme is exactly Rs. 1,440 more than the interest received from the compound interest scheme, find the final total amount (Principal + Interest) received from the compound interest scheme.
<div class="row show--dificulty--bar" style="margin-top:8px;"><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex !important;border-right:0.1px solid #eee;"><h3 style="font-size:12px !important;">Difficulty : Easy </h3></div><div class="col-sm-6 show--dificulty--bar" style="display:inline-flex;"><h3 style="font-size:12px !important;"> Average Time : 49 Seconds </h3></div></div><h2 id="content-id-5934186027-4"><b> SI And CI Mix Questions Options</b></h2><ol><li><p>6,820</p>
</li><li><p>7,090</p>
</li><li><p>7,260</p>
</li><li><p>7,410</p>
</li><li><p>7,580</p>
</li></ol> <h2 id="content-id-5208967134-5"><b> SI And CI Mix Questions Solution</b></h2><p>The correct answer is <strong>option 3</strong> i.e.<strong> 7,260</strong></p>

<p>Total investment = Rs. 12,000</p>

<p>Amount invested in the simple interest scheme = Rs. P</p>

<p>Amount invested in the compound interest scheme = Rs. (12,000 − P)</p>

<p>SI = P × 15 × 3/100 = 45P/100 = 9P/20</p>

<p>CI = (12,000 − P) × ((110/100)<sup>2</sup> − 1) = (12,000 − P) × 21/100</p>

<p>SI = CI + 1,440</p>

<p>9P/20 = 21(12,000 − P)/100 + 1,440</p>

<p>45P = 21(12,000 − P) + 144,000</p>

<p>45P = 252,000 − 21P + 144,000</p>

<p>66P = 396,000</p>

<p>P = 6,000</p>

<p>Amount invested in the compound interest scheme = 12,000 − 6,000 = Rs. 6,000</p>

<p>Amount = Principal × (110/100)<sup>2</sup> = 6,000 × 121/100 = Rs. 7,260</p>
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The correct answer is option 3 i.e. 7,2 - SI And CI Mix Questions are asked in Sbi Po exams and your question has been explained by experts like Neetu Mam.

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