IBPS PO Prelims Model Paper 11

A invests a certain sum in scheme A at compound interest (compounded annually) of 10% per annum for 2 years. In scheme B he invests at simple interest of 8% per annum for 2 years. He invests in schemes A and B in the ratio of 1 : 2. The difference between the interests earned from both the schemes is Rs. 990. Find the amount invested in scheme A.