Question

Atul has Rs.500 with him. He invested 30% of the amount at 5% p.a. for 6 years and rest at 20% p.a. for 4 years. Find the sum of simple interests received by Atul from the two investments.

A Rs.306 Correct Answer Incorrect Answer
B Rs.325 Correct Answer Incorrect Answer
C Rs.396 Correct Answer Incorrect Answer
D Rs.297 Correct Answer Incorrect Answer

Solution

SI received from 30% of the sum = (0.3 x 500 x 5 x 6)/100 = Rs.45 SI received from 70% of the sum = (0.7 x 500 x 20 x 4)/100 = Rs.280 Therefore, total SI received = Rs.(45 + 280) = Rs.325

Practice Next

Relevant for Exams:

×
×