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    Question

    Akshay invested Rs. 960 in two schemes P and Q in the

    respective ratio of 5:3. Scheme P and Q are offering simple interest at the rate of 7% per annum and 10% 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 = (5/8) × 960 = Rs. 600 Interest earned from scheme P = 600 × 7% × 2 = Rs. 84

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