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.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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