Question
Akshay invested Rs. 2240 in two schemes P and Q in the
respective ratio of 9:7. 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 = (9/16) × 2240 = Rs. 1260 Interest earned from scheme P = 1260 × 10% × 2 = Rs. 252
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