New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    A person has ₹30,000 to invest in two different

    schemes. If he invests ₹15,000 in Scheme A at 8% simple interest and the remaining in Scheme B at 10% simple interest, how much total interest will he earn after 2 years?
    A ₹5,400 Correct Answer Incorrect Answer
    B ₹4,500 Correct Answer Incorrect Answer
    C ₹6,000 Correct Answer Incorrect Answer
    D ₹7,200 Correct Answer Incorrect Answer

    Solution

    Interest from Scheme A = Principal * Rate * Time = 15000 * 0.08 * 2 = ₹2,400. Interest from Scheme B = Principal * Rate * Time = 15000 * 0.10 * 2 = ₹3,000. Total interest earned = 2400 + 3000 = ₹5,400. Correct answer: A) ₹5,400

    Practice Next