📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    A sum of Rs.20,000 is invested partly with Bank B under

    scheme III and remaining with Bank D under scheme IV for 1 year. If the total interest earned is 8% of the sum invested, find the amount invested with Bank D.
    A Rs.10,000 Correct Answer Incorrect Answer
    B Rs.8,000 Correct Answer Incorrect Answer
    C Rs.14,000 Correct Answer Incorrect Answer
    D Rs.4,000 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Rate of interest of Bank B under scheme III = 7.5% Rate of interest of Bank D under scheme IV = 10% Through allegation method : 7.5 10 \ / 8 2 : 0.5 4 : 1 So sum invested with Bank D = 1/5 of 20000 = Rs. 4000

    Practice Next
    More SI and CI databased Questions

    Relevant for Exams:

    ask-question