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    Question

    Mr. X invested Rs. 800 in two schemes, A and B in the

    ratio of 7:3, respectively. Scheme A and B are offering simple interest at rate of 6% per annum and 10% per annum. Find the total interest obtained from both schemes after 2 years.
    A Rs. 112.2 Correct Answer Incorrect Answer
    B Rs. 113.2 Correct Answer Incorrect Answer
    C Rs. 115.2 Correct Answer Incorrect Answer
    D Rs. 116.2 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Amount invested in scheme A = (7/10) × 800 = Rs. 560 Amount invested in scheme B = (3/10) × 800 = Rs. 240 Interest earned from scheme A = 560 × 6% × 2 = Rs. 67.2 Interest earned from scheme B = 240 × 10% × 2 = Rs. 48 Therefore, required total interest = 67.2 + 48 = Rs. 115.2

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