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Get access to the detailed solutions to the previous years questions asked in IIM IPMAT exam
Let the amount invested in scheme B @12% S.I. per annum be x and amount invested in scheme A @10% C.I. per annum, compounded half-yearly be (10000 − x).
Total simple interest e arned from scheme B = 6000 × 12/100 = 720 rupees
Total compound interest earned from scheme A = 4000 × (21/20)2 − 4000
= 
∴ Total interest earned = 720 + 410 = 1130 rupees.