Question
A person 'P' invested a total amount of Rs. 1800 in two
SIPs, A and B, maintaining a ratio of 3:2. SIP A provides simple interest at a rate of 10% per annum, while SIP B also follows a simple interest scheme but with an unknown rate. If the total interest earned from both SIPs after 2 years amounts to Rs. 288, determine the rate of interest for SIP B.Solution
ATQ,
Amount invested in SIP A = (3/5) × 1800 = Rs. 1080 Amount invested in SIP A = (2/5) × 1800 = Rs. 720 Let, rate of interest offered by SIP B is r% per annum. 1080 × 10% × 2 + 720 × r% × 2 = 288 216 + 14.4r = 288 14.4r = 288 – 216 14.4r = 72 r = 5%Â
More Quant Miscellaneous Questions
Find the simplified of the following expression:
Simplify the following expression:
416 ÷ 8 + 132 – 25% of 420 = ?
9 × 4 ? ÷ 16 = 144
42 + 52% of 300 - ?% of 200 = 88
What value should come in place of (?) question mark in the given expression.
17 × 15 − 96 ÷ 8 + 6² = ?
19 × ? = 361 ÷ 19
Simplify the following expressions and choose the correct option.
(3/7) of {350 − [42 ÷ (3/2)]} = ?
15% of ? = 30% of 320 + 17 ×√676 – 63.5 × 8
390/? = √256 + 3.5
