Question
Akshay invested Rs. 1650 in two schemes P and Q in the
respective ratio of 7:4. Scheme P and Q are offering simple interest at the rate of 8% per annum and 10% per annum, respectively. Find the interest obtained after 2 years from scheme P.Solution
Amount invested in scheme P = (7/11) Ă— 1650 = Rs. 1050 Interest earned from scheme P = 1050 Ă— 8% Ă— 2 = Rs. 168
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