Question
Akshay invested Rs. 1560 in two schemes P and Q in the
respective ratio of 9:4. Scheme P and Q are offering simple interest at the rate of 10% per annum and 12% per annum, respectively. Find the interest obtained after 2 years from scheme P.Solution
Amount invested in scheme P = (9/13) × 1560 = Rs. 1080 Interest earned from scheme P = 1080 × 10% × 2 = Rs. 216
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