RPSC RAS 2023 · Question 92 of 145

2/3 of a principal amount is deposited in the bank at compound interest at the rate of 10% per annum and rest of the principal amount is deposited in the post office at the simple interest rate of 15% per annum. If the difference between compound interest and simple interest for two years be Rs. 480, then total principal amount is equal to

Reasoning & Mental Ability

1. ARs. 16,000
2. BRs. 12,000Correct
3. CRs. 10,000
4. DRs. 8,000