New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Akshay invested Rs. 1320 in two schemes P and Q in the

    respective ratio of 8:3. Scheme P and Q are offering simple interest at the rate of 5% per annum and 8% per annum, respectively. Find the interest obtained after 2 years from scheme P.
    A Rs. 84 Correct Answer Incorrect Answer
    B Rs. 168 Correct Answer Incorrect Answer
    C Rs. 96 Correct Answer Incorrect Answer
    D Rs. 216 Correct Answer Incorrect Answer
    E Rs. 192 Correct Answer Incorrect Answer

    Solution

    Amount invested in scheme P = (8/11) × 1320 = Rs. 960 Interest earned from scheme P = 960 × 5% × 2 = Rs. 96

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