Question
Atul has Rs.500 with him. He invested 30% of the amount
at 5% p.a. for 6 years and rest at 20% p.a. for 4 years. Find the sum of simple interests received by Atul from the two investments.Solution
SI received from 30% of the sum = (0.3 x 500 x 5 x 6)/100 = Rs.45 SI received from 70% of the sum = (0.7 x 500 x 20 x 4)/100 = Rs.280 Therefore, total SI received = Rs.(45 + 280) = Rs.325
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