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    Question

    Atul has Rs.550 with him. He invested 40% of the amount

    at 5% p.a. for 6 years and rest at 20% p.a. for 5 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
    E None of these Correct Answer Incorrect Answer

    Solution

    SI received from 40% of the sum = (0.4 x 550 x 5 x 6)/100 = Rs.66 SI received from 60% of the sum = (0.6 x 550 x 20 x 5)/100 = Rs.330 Therefore, total SI received = Rs.(66 + 330) = Rs.396

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