Rs. 9500 is invested in scheme ‘A’ for 3 years and

Q: Answer-Rs. 9500 is invested in scheme ‘A’ for 3 years and Rs. 8000 is invested in scheme ‘B’ for 2 years. S...

Interest received from scheme A 9500 16 3 100 Rs. 4560 Let the rate of simple interest offered by scheme B k p.a. ATQ 8000 2 k 100 4560 Or, 160k 4560 Or, k 4560160 28.5 So, rate of simple interest offered by scheme B 28.5 per annum.

Rs. 8000 is invested in scheme ‘B’ for 2 years. Scheme ‘A’ offers simple interest of 16% p.a. If the interest received from both the schemes are equal, then find the rate of simple interest (p.a.) offered by scheme ‘B’.

A 28.5%

B 18.5%

C 38.5%

D 48.5%

E None of these

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