Akshay invested Rs. 960 in two schemes P and Q in the
respective ratio of 5:3. Scheme P and Q are offering simple interest at the rate of 7% per annum and 10% per annum, respectively. Find the interest obtained after 2 years from scheme P.
ARs. 84Correct AnswerIncorrect Answer
BRs. 168Correct AnswerIncorrect Answer
CRs. 96Correct AnswerIncorrect Answer
DRs. 216Correct AnswerIncorrect Answer
ERs. 192Correct AnswerIncorrect Answer
Solution
Amount invested in scheme P = (5/8) × 960 = Rs. 600 Interest earned from scheme P = 600 × 7% × 2 = Rs. 84
