An investor invested some money in 2 separate schemes: A and B. Scheme A will yield 30% of the capital within a year, and scheme B will yield 50% of the capital within a year. If he invested $300 in scheme A and $200 in B, how much more money will he have in scheme A than in B after a year, provided he does not withdraw anything?
How much money will scheme A yield after a year? ** After a year, scheme A will yield 30% of his capital which is (30/100)*$300 = $<<30/100*300=90>>90
How much money will he have in scheme A after a year? ** In addition to his capital, he will have $90+$300 = $<<90+300=390>>390 in scheme A
How much money will scheme B yield after a year? ** After a year, scheme B will yield 50% of his capital which is (50/100)*$200 = $<<50*.01*200=100>>100
How much money will he have in scheme B after a year? ** In addition to his capital, he will have $100+$200 = $<<100+200=300>>300 in scheme B
How much more money will he have in scheme A than in B after a year? ** After a year, he will have $390-$300 = $<<390-300=90>>90 in scheme A more than in scheme B
#### 90