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) × 2100 = Rs. 1350 Interest earned from scheme P = 1350 × 8% × 2 = Rs. 216
More Simple and compound interest Questions
6940 ÷ 28 ÷ 7 =?
Determine the difference between the compound interest and the simple interest earned by Vinay, given that he lent Rs. 64,000 at ...
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What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value....
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