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<html><body><h2 id="content-id-3851702694-2"><b>SI And CI Mix Questions Overview</b></h2><p>SI And CI Mix Questions have a good weightage in the Ibps Clerk Exam and the type of question asked in Ibps Clerk 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-3740852961-3"><b>Question On SI And CI Mix </b></h2>A sum of â&#130;¹P is invested in Scheme A offering Simple Interest at 15% p.a. for 4 years. The same sum â&#130;¹P is invested in Scheme B offering Compound Interest at 10% p.a. for 2 years (compounded annually). If the interest earned from Scheme A is â&#130;¹5,460 more than the interest earned from Scheme B, find the value of P.
<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 : 44 Seconds </h3></div></div><h2 id="content-id-1305782946-4"><b> SI And CI Mix Questions Options</b></h2><ol><li><p>â&#130;¹11,500</p>
</li><li><p>â&#130;¹14,500</p>
</li><li><p>â&#130;¹12,000</p>
</li><li><p>â&#130;¹14,000</p>
</li><li><p>â&#130;¹18,000</p>
</li></ol> <h2 id="content-id-6719403582-5"><b> SI And CI Mix Questions Solution</b></h2><p>The correct answer is <strong>option 4</strong> i.e.<strong> â&#130;¹14,000</strong>.</p>

<p>Simple Interest = SI = P × R × T / 100</p>

<p>Interest from Scheme A</p>

<p>⇒ SI = P × 15 × 4 / 100</p>

<p>⇒ SI = 60P / 100</p>

<p>⇒ SI = 3P / 5</p>

<p>Compound Interest formula ⇒ CI = P × [ (1 + R/100)<sup>n</sup> − 1 ]</p>

<p>Interest from Scheme B</p>

<p>⇒ CI = P × [ (11/10)<sup>2</sup> − 1 ]</p>

<p>⇒ CI = P × (121/100 − 1)</p>

<p>⇒ CI = 21P / 100</p>

<p>Interest from Scheme A is â&#130;¹5,460 more than interest from Scheme B</p>

<p>⇒ 3P/5 − 21P/100 = 5460</p>

<p>⇒ (60P − 21P) / 100 = 5460</p>

<p>⇒ 39P / 100 = 5460</p>

<p>⇒ P = 5460 × 100 / 39</p>

<p>⇒ P = 546000 / 39</p>

<p>⇒ P = â&#130;¹14,000</p>
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The correct answer is option 4 i.e. ? - SI And CI Mix Questions are asked in Ibps Clerk exams and your question has been explained by experts like Neetu Mam.

A sum of P is invested - SI And CI Mix Questions for Ibps Clerk

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