Correct Answer - Option 2 : Rs 6000
Formula used:
S.I. = PRN/100
Where, P = Principal amount,
R = Rate of interest
N = Number of years
Calculation:
Let the amount invested by Suraj in scheme A be x
Scheme B= 12000 – x
⇒ Interest= PNR/100
Now,
⇒ ((16000 – x) × 11× 2/100) – (x × 6 × 2/100) = 120
⇒ ((352000 – 22x)/100) – (12x/100) = 120
⇒ 352000 – 34x/100= 120
⇒ 34x = 352000 - 12000
⇒ 3400= 40x / 100
⇒ x = 10000
Investment in scheme A = Rs 10000
Investment in scheme B= 16000 – 10000= Rs 6000
∴ Amount invested in scheme B is Rs 6000