New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Atul has Rs.300 with him. He invested 40% of the amount

    at 5% p.a. for 6 years and rest at 25% p.a. for 5 years. Find the sum of simple interests received by Atul from the two investments.
    A Rs.168 Correct Answer Incorrect Answer
    B Rs.140 Correct Answer Incorrect Answer
    C Rs.261 Correct Answer Incorrect Answer
    D Rs.193 Correct Answer Incorrect Answer

    Solution

    SI received from 40% of the sum = (0.4 x 300 x 5 x 6)/100 = Rs.36 SI received from 60% of the sum = (0.6 x 300 x 25 x 5)/100 = Rs.225 Therefore, total SI received = Rs.(36 + 225) = Rs.261

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