Question
Akshay invested Rs. 2100 in two schemes P and Q in the
respective ratio of 9:5. Scheme P and Q are offering simple interest at the rate of 8% per annum and 10% per annum, respectively. Find the interest obtained after 2 years from scheme P.Solution
Amount invested in scheme P = (9/14) Ă— 2100 = Rs. 1350 Interest earned from scheme P = 1350 Ă— 8% Ă— 2 = Rs. 216
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