Exams › IBPS PO › General Awareness
P invests Rs. (X - 5000) at a compound interest rate of R% per annum for 2 years, while Q invests Rs. (X + 2000) at 2R% per annum for the same period. The ratio of their investments is 5:7. Find the difference in the compound interest earned by P and Q after 2 years.
- 2400
- 12400
- 5600
- Can't be determined
Correct answer: Can't be determined
Solution
The ratio of investments can help determine X, but the actual compound interest depends on the rate R. Since R is not given, the difference in compound interest cannot be uniquely calculated. Therefore, the answer cannot be determined.
Related IBPS PO General Awareness questions
⚔️ Practice IBPS PO General Awareness free + battle 1v1 →