ibps-so 2018 · Question 305 of 356

A depositor at the counter of the branch was unable to decide between two of the deposit schemes o ered to him, and the o cer explained the di erence between them by means of an illustration. Both rst of them the interest is simple interest, whereas under the second the interest of the rst year is the schemes carry interest at 10 per cent per annum and both run for a term of two years, but under the added to the principal before the interest of the second year is reckoned. Upon the sum that the depositor proposed to place, the amount of the interest under the second scheme would exceed the amount of the interest under the rst by ₹150. What is the sum that the depositor proposed to place?

1. A₹12,000
2. B₹15,000Correct
3. C₹16,000
4. D₹18,000
5. E₹14,000