Question
Atul has Rs.600 with him. He invested 35% of the amount
at 5% p.a. for 6 years and rest at 15% p.a. for 4 years. Find the sum of simple interests received by Atul from the two investments.Solution
SI received from 35% of the sum = (0.35 x 600 x 5 x 6)/100 = Rs.63 SI received from 65% of the sum = (0.65 x 600 x 15 x 4)/100 = Rs.234 Therefore, total SI received = Rs.(63 + 234) = Rs.297
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